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Neom Financial Academy

BTCUSD Daily Analysis Based on Main Key Levels – April 29, 2025

  • Neom
  • Apr 29
  • 1 min read

Daily Current Market Price (DCMP): ₿ 94,387


🔍 Key Technical Snapshot


  • Swing High: 86,450

  • Swing Low: 83,974


  • Above DCMP (Resistance): 95,571, 96,229, 97,294

  • Below DCMP (Support): 93,442, 92,784, 91,720


Here’s the mind map summarizing the key points from your market analysis for BTC/USD:

📊 Trade Setups


1️⃣ Intraday Buy Trade


  • Entry: 🎯 91,587 (Key Support Zone)

  • Stop Loss: ⚠️ 91,720 (Support3)

  • Take Profit 1: 💰 93,442

  • Take Profit 2: 🚀 94,387 (DCMP Retest)


Rationale: Price near Fibonacci 0.618 retracement (83,974-86,450), RSI showing bullish divergence.


2️⃣ Intraday Sell Trade


  • Entry: 🎯 95,683 (Key Resistance Zone)

  • Stop Loss: ⚠️ 97,294 (Resistance3)

  • Take Profit 1: 💰 94,507

  • Take Profit 2: 🚀 93,442


Rationale: Rejection likely at 95,571-96,229 supply zone with MACD bearish crossover.


📉 Technical Indicators


  • Fibonacci Levels: 83,974 (Swing Low) to 86,450 (Swing High) extension active.

  • RSI: 54 (Neutral but losing momentum).

  • MACD: Histogram flipping negative above zero line.


💡 Analyst Insight


BTCUSD consolidates between 91,587-95,683 with DCMP (94,387) as pivot. Institutional liquidity pools align with key levels.

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