📊 BTCUSD 24th December 2024 Daily Analysis Based on Main Key Levels

In today’s analysis, we will delve into the current state of the BTCUSD market, focusing on critical price levels and potential trading opportunities.

📍 Daily Current Market Price (DCMP)

The current market price for BTCUSD is 94,252. This serves as a critical reference point for assessing trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP

Resistance 1: 96,060

Resistance 2: 97,011

Resistance 3: 98,527

✅ Support (Below DCMP)

Support 1: 92,321

Support 2: 92,029

Support 3: 90,489

📉 Swing Levels

Swing High: 108,364

Swing Low: 92,118

Summary of Analysis

The BTCUSD pair is currently positioned at 94,252. Key resistance levels above the DCMP are 96,060, 97,011, and 98,527. The support levels below the DCMP are 92,321, 92,029, and 90,489. The swing high is at 108,364, and the swing low is at 92,118.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 92,321

Stop Loss: ❌ 92,118

Take Profit 1: 🎯 92,980

Take Profit 2: 🎯 94,520

📌 Reason for Entry

The price is approaching a key support level at 92,321, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 98,527

Stop Loss: ❌ 98,551

Take Profit 1: 🎯 97,011

Take Profit 2: 🎯 96,060

📌 Reason for Entry

Resistance at 98,527 suggests a potential selling opportunity, with targets set below this level.

💡 Conclusion

This analysis provides a concise overview of key levels and trade opportunities for BTCUSD. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!

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