₿ BTCUSD 6th March 2025 Daily Analysis Based on Main Key Levels

Current Market Price (CMP):

92,284

Recent Swing High: 99,508 | Recent Swing Low: 81,463

🔥 Critical Price Zones

🔻 Below CMP (Support Cluster)

Immediate Defense: 89,654 (Strategic Accumulation Zone)

Lower Support: 87,578 | 84,738

Bearish Target: 81,463 (Swing Low)

🔺 Above CMP (Resistance Band)

First Resistance: 93,930 | 96,643

Breakout Catalyst: 99,508 (Swing High)

🚨 Trade Setup

🟢 Intraday Buy Opportunity

Entry: 🎯 89,654 (Fib 61.8% Retracement + Historical Support)

Stop Loss: 🔴 84,738 (Below Swing Low Confluence)

Take Profit 1: 🚀 92,284 (+2,630 Points)

Take Profit 2: 💥 96,643 (+6,989 Points)

Rationale:

Price aligns with Fibonacci 61.8% retracement from swing low 81,463 to high 99,508.

Bullish MACD crossover on 4H chart signals momentum reversal.

🔴 Intraday Sell Opportunity

Entry: 🎯 96,643 (Key Resistance & Fib 38.2% Extension)

Stop Loss: 🛑 99,508 (Above Swing High)

Take Profit 1: 🚀 92,284 (-4,359 Points)

Take Profit 2: 💥 89,654 (-6,989 Points)

Rationale:

Rejection at 96,643 coincides with 1.272 Fib extension resistance.

RSI divergence on daily chart hints at weakening bullish momentum.

📉 Technical Landscape

Fibonacci Framework:

61.8% support at 89,654 vs 38.2% resistance at 96,643

Break above 93,930 may trigger rally toward 99,508

RSI: Neutral at 49 but shows bearish divergence on higher timeframes.

MACD: Histogram flips negative above 96,643, confirming seller dominance.

🎯 Strategic Insight

BTCUSD consolidates between 89,654–96,643. A sustained close above 93,930 or below 87,578 will dictate trend direction. Prioritize trades at Fib confluence zones with 1:2+ risk-reward ratios.

⚡ Catalyst Watch: Monitor SEC regulatory updates – bullish/bearish triggers may amplify volatility!