📊BTCUSD 27th December 2024 Daily Analysis Based on Main Key Levels

📍 Daily Current Market Price (DCMP)

The current market price for BTCUSD is 96,202. 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

📉 Swing Levels

Swing High: 108,364

Swing Low: 92,118

Summary of Analysis

As of the latest evaluation, the BTCUSD market is positioned at 96,202. Key resistance levels above this price include 104,733, 108,567, and 114,773. The support levels below this price are 92,321 and 88,487. The swing high is noted at 108,364, while the swing low is at 92,118.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 92,321

Stop Loss: ❌ 92,118

Take Profit 1: 🎯 95,000

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: ✨ 98,527

Stop Loss: ❌ 98,715

Take Profit 1: 🎯 96,500

Take Profit 2: 🎯 95,500

📌 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!