🟡 BTCUSD Daily Market Analysis—July 8, 2025
- Neom
- Jul 8
- 3 min read
Introduction
The cryptocurrency market is known for its volatility and rapid price movements, making daily analysis crucial for traders and investors alike. Today, we delve into the current state of the BTCUSD market, examining key indicators and levels that could influence future price action. With the live price of Bitcoin currently at $108,091, we will analyze the daily and 4-hour time frames, utilizing tools such as Fibonacci Retracement Levels, Exponential Moving Averages (EMA), Relative Strength Index (RSI) divergence, and more.
Market Overview
Current Price:
BTCUSD: $108,091
Key Swing Levels:
Swing High: $110,557
Swing Low: $105,130
Technical Analysis
Support & Resistance Levels
Daily Time Frame:
Support Levels:
Level 1: $106,500
Level 2: $105,130
Level 3: $104,000
Resistance Levels:
Level 1: $109,500
Level 2: $110,000
Level 3: $110,557
4-Hour Time Frame:
Support Levels:
Level 1: $107,000
Level 2: $106,000
Level 3: $105,500
Resistance Levels:
Level 1: $108,500
Level 2: $109,000
Level 3: $109,500
Fibonacci Retracement Levels
Utilizing the Fibonacci retracement tool on the daily time frame, we can identify key retracement levels based on the recent swing high and low:
23.6% Level: $109,000
38.2% Level: $107,500
50% Level: $106,845
61.8% Level: $105,500
These levels are critical for identifying potential reversal points and confirming support and resistance zones.
Exponential Moving Averages (EMA)
Daily Time Frame:
EMA 50: $107,800
EMA 100: $106,900
EMA 200: $105,500
EMA 400: $104,200
4-Hour Time Frame:
EMA 50: $108,200
EMA 100: $107,500
EMA 200: $106,800
EMA 400: $105,600
The EMAs provide insight into the overall trend direction. In the daily time frame, the price is above the 50 EMA, indicating a bullish trend, while the 4-hour time frame shows a slight consolidation phase.
RSI Divergence
The Relative Strength Index (RSI)Â is currently hovering around 62, indicating bullish momentum. However, a divergence is observed as prices approach the swing high of $110,557. This could suggest a potential reversal or pullback if the RSI begins to decline while the price continues to rise.
Order Blocks
Order blocks are essential for understanding institutional buying and selling behavior. Currently, significant order blocks are located around:
Buy Order Block: $106,500 - $107,000
Sell Order Block: $109,000 - $109,500
These areas are crucial for traders looking to enter positions based on institutional activity.
MACD Analysis
The Moving Average Convergence Divergence (MACD)Â indicator is showing a bullish crossover, with the MACD line above the signal line. This reinforces the bullish sentiment in the market, suggesting that momentum may continue in the upward direction.
Summary of Key Levels
Daily & 4-Hour Support and Resistance
Daily Support Levels: $106,500, $105,130, $104,000
Daily Resistance Levels: $109,500, $110,000, $110,557
4-Hour Support Levels: $107,000, $106,000, $105,500
4-Hour Resistance Levels: $108,500, $109,000, $109,500
Exponential Moving Average (EMA) Levels
Daily EMA Levels:
EMA 50: $107,800
EMA 100: $106,900
EMA 200: $105,500
EMA 400: $104,200
4-Hour EMA Levels:
EMA 50: $108,200
EMA 100: $107,500
EMA 200: $106,800
EMA 400: $105,600
Weekly Pivots
Pivot Point: $107,800
Resistance 1: $109,000
Support 1: $106,500
Daily Pivots
Pivot Point: $108,000
Resistance 1: $109,000
Support 1: $107,000
Fibonacci Retracement Levels
23.6% Level: $109,000
38.2% Level: $107,500
50% Level: $106,845
61.8% Level: $105,500
Fundamental Analysis and USD News
In addition to technical indicators, fundamental analysis plays a crucial role in shaping market sentiment. Traders should keep an eye on upcoming USD economic news that could impact the BTCUSD market.
Upcoming Important USD News:
CPI Data Release: Scheduled for July 12, 2025, this data will provide insights into inflation trends, which can significantly affect the USD's strength and, consequently, Bitcoin's price.
Federal Reserve Meeting: Set for July 25, 2025, any announcements regarding interest rate changes or monetary policy adjustments will be closely watched by traders.
These events can lead to increased volatility in the BTCUSD market, as shifts in the USD can directly influence Bitcoin's price dynamics.
Conclusion
The BTCUSD market is currently positioned for potential upward movement, supported by various technical indicators. Traders should remain vigilant of key support and resistance levels, as well as upcoming economic news that could impact market sentiment. By utilizing tools such as Fibonacci retracement levels, EMAs, and MACD, investors can make informed decisions in this dynamic trading environment.
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