📊 BTCUSD 26th December 2024 Daily Analysis Based on Main Key Levels

In this analysis, we will assess the current state of the BTCUSD market, highlighting key price levels and potential trading strategies.

📍 Daily Current Market Price (DCMP)

The current market price for BTCUSD is 98,257. This serves as a crucial reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 104,733

Resistance 2: 108,567

Resistance 3: 114,773

✅ Support (Below DCMP)

Support 1: 92,321

Support 2: 88,487

Support 3: 82,281

📉 Swing Levels

Swing High: 108,364

Swing Low: 92,389

Summary of Analysis

The BTCUSD market is currently positioned at 98,257. Key resistance levels above this price include 104,733, 108,567, and 114,773. The support levels below this price are 92,321, 88,487, and 82,281. The swing high is at 108,364, and the swing low is at 92,389.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 92,321

Stop Loss: ❌ 91,500

Take Profit 1: 🎯 94,000

Take Profit 2: 🎯 96,000

📌 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: ✨ 98,257

Stop Loss: ❌ 99,000

Take Profit 1: 🎯 97,000

Take Profit 2: 🎯 96,000

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!