🎯 BTCUSD 31st January 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 104,360

Below DCMP = Support | Above DCMP = Resistance

📊 Key Levels Summary

Resistance Levels Above DCMP (104,360):

🛑 R1: 106,030 | R2: 106,769 | R3: 107,967

Support Levels Below DCMP (104,360):

🛑 S1: 103,635 | S2: 102,896 | S3: 101,699

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

📈 Technical Analysis

Critical Pivots: Key pivot at 103,797 (Buy Zone) and 107,577 (Sell Zone).

Fibonacci Levels: Price consolidating near 50% retracement (104,360) between Fib support (103,635) and resistance (107,577).

RSI: Neutral at 52, but bearish divergence observed near recent highs.

MACD: Histogram flattening near zero, suggesting potential momentum shift.

💡 Trade Setups

1️⃣ Intraday Buy Trade

Entry Price: 🟢 103,797 (Key Support)

Stop Loss: 🔴 101,699 (Below S3)

Take Profit 1: 🟡 104,833 (Neutral Pivot)

Take Profit 2: 🟡 106,030 (R1)

Rationale: Strong support confluence at 103,797 (Fib 61.8% + Historical Base). MACD hints at bullish reversal.

2️⃣ Intraday Sell Trade

Entry Price: 🔴 107,577 (Key Resistance)

Stop Loss: 🟢 109,356 (Above Swing High)

Take Profit 1: 🟡 104,360 (DCMP)

Take Profit 2: 🟡 103,797 (Buy Zone)

Rationale: Resistance at 107,577 aligns with RSI divergence. Swing high at 109,356 reinforces bearish pressure.

📉 Price Action Outlook

Bullish Scenario: Break above 107,577 may target 109,356 (Swing High).

Bearish Scenario: Drop below 103,797 could retest 102,896 (S2).

Final Note: Focus on intraday setups at key levels with disciplined risk management. Monitor Bitcoin ETF inflows/outflows for volatility cues! 💹