BTCUSD 28th January 2025 Daily Analysis Based on Main Key Levels 📉📈

Daily Current Market Price (DCMP): 103,266

Key Levels Summary 🔑

Below DCMP (Supports):

Immediate Support: 100,017 (Critical Demand Zone)

Strong Support: 97,683 (Buy/Support2)

Swing Low: 99,462 (4H/Daily Base)

Above DCMP (Resistances):

Immediate Resistance: 103,797 (Key Weekly Level)

Strong Resistance: 107,577 (Sell/Resistance1)

Swing High: 109,356 (Recent Price Ceiling)

Trade Ideas 💡

Intraday Buy Setup

Entry Price: 🎯 100,017 (Weekly Support1)

Stop Loss: 🛑 97,683 (Below Buy/Support2)

Take Profit 1: ✅ 103,797 (Weekly Pivot)

Take Profit 2: ✅ 106,445 (Daily Resistance3)

Rationale: Price retesting weekly support aligns with Fibonacci 38.2% retracement. MACD shows potential bullish reversal.

Intraday Sell Setup

Entry Price: 🎯 103,797 (Weekly Pivot Resistance)

Stop Loss: 🛑 106,445 (Above Sell/Resistance3)

Take Profit 1: ✅ 101,009 (Daily Pivot)

Take Profit 2: ✅ 98,932 (Buy/Support1)

Rationale: Rejection at weekly pivot aligns with RSI (49.87) neutrality and bearish divergence on lower timeframes.

Technical Analysis Snapshot 📊

Pivots: Weekly pivot at 103,797 acts as a decisive intraday resistance.

Fibonacci: Key 61.8% retracement level at 103,797 aligns with resistance.

RSI: Neutral at 49.87, hinting at consolidation.

MACD: Histogram near zero, signaling indecision with slight bearish bias.

Final Thoughts 💬

BTCUSD consolidates between 100,017 (support) and 103,797 (resistance). Intraday trades favor buying dips near 100,017 and selling rallies at 103,797. Watch for MACD crossover confirmation.