🏆 BTCUSD 29th January 2025 Daily Analysis Based on Main Key Levels 🏆

Daily Current Market Price (DCMP): 102,191

Key Levels Relative to DCMP:

Resistances (Above 102,191): 103,099 (R1), 103,929 (R2), 105,274 (R3)

Supports (Below 102,191): 101,754 (Intermediate), 100,409 (S1), 99,579 (S2)

Swing High: 109,356 | Swing Low: 99,462

📊 Technical Analysis Overview

Critical Support/Resistance:

Strong support confluence at 100,017 (aligns with Fibonacci retracement).

Immediate resistance cluster at 103,797 (Fib extension zone).

Fibonacci Levels: Key retracement at 100,409–99,579 (support) and extension at 103,099–105,274 (resistance).

RSI: Neutral at 48, no divergence observed.

MACD: Flatlined, indicating consolidation.

💡 Intraday Trade Setups

🟢 Intraday Buy Trade

Entry Price: 100,017 (Critical Support) 🎯

Stop Loss: 99,579 (Below S2) ⛔

Take Profit 1: 101,754 (Intermediate Level) ✅

Take Profit 2: 103,099 (R1) ✅

Rationale: Strong buying zone at 100,017 (Fib + historical support).

🔴 Intraday Sell Trade

Entry Price: 103,797 (Key Resistance) 🎯

Stop Loss: 109,911 (Above R2) ⛔

Take Profit 1: 103,099 (R1) ✅

Take Profit 2: 101,754 (Intermediate Level) ✅

Rationale: Resistance at 103,797 aligns with bearish rejection patterns.

🔑 Risk Management Tips

Tighten stops if price breaches intermediate levels.

Secure partial profits near Fibonacci extension zones (e.g., 103,099).

📉 Critical Price Triggers

Break Below 100,017: Accelerates decline toward 99,579–98,234 (lower supports).

Break Above 103,797: Opens path to 105,274–109,356 (higher resistances).