BTCUSD Daily Market Analysis – May 8, 2025
- Neom
- May 8
- 2 min read
📊 Market Overview
As of May 8, 2025, BTCUSD is trading at $99,355, showing consolidation after recent volatility. This analysis examines critical technical indicators across daily and 4-hour timeframes, including Fibonacci retracements, EMAs, RSI divergence, order blocks, and MACD, alongside fundamental USD news impacts.
📉 Technical Analysis
1. Support & Resistance Levels
Daily Timeframe
Support:
Immediate: $96,800 (previous swing low)
Strong: $93,200 (weekly pivot confluence)
Resistance:
Immediate: $101,500 (recent swing high)
Major: $104,200 (Fibonacci 0.618 level)
4-Hour Timeframe
Support: $98,400 (order block)
Resistance: $100,700 (EMA 200 dynamic resistance)
2. Fibonacci Retracement Levels (Daily Swing High: $86,450 | Low: $83,974)
0.236: $87,920
0.382: $89,450
0.5: $90,712
0.618: $92,100 (key reversal zone)
0.786: $94,800
Current price above 0.786 suggests bullish continuation if $96,800 holds.
3. Exponential Moving Averages (EMA)
Daily Timeframe
EMA 50: $97,200
EMA 100: $95,800
EMA 200: $92,400
EMA 400: $88,600
Price above all EMAs indicates a bullish trend.
4-Hour Timeframe
EMA 50: $98,900
EMA 100: $97,500
EMA 200: $96,200
EMA 400: $94,000
4H EMA 50 acting as dynamic support.
4. RSI Divergence (Daily & 4H)
Daily RSI: 62 (neutral, no divergence)
4H RSI: 58 (bullish momentum if holds above 50)
Watch for bearish divergence if RSI fails to break 70 on next push.
5. Order Blocks & Smart Money Concepts (SMC)
Demand Zone: $96,800–$97,500 (daily order block)
Supply Zone: $101,500–$102,200 (liquidity pool)
Break above $101,500 could trigger liquidity grab towards $104,200.
6. MACD Analysis
Daily MACD: Bullish crossover but losing momentum.
4H MACD: Neutral, awaiting directional confirmation.
📅 Pivot Levels
Weekly Pivots
PP (Pivot Point): $97,800
R1: $101,200
S1: $94,400
Daily Pivots
PP: $99,000
R1: $100,500
S1: $97,500
💵 Fundamental Analysis: USD News Impact
Upcoming USD Events (May 2025)
May 10: US Non-Farm Payrolls (NFP) – A strong jobs report could strengthen USD, pressuring BTC.
May 15: Fed Chair Speech – Hawkish tone may trigger risk-off sentiment.
Bitcoin’s inverse correlation with USD means any USD strength could lead to short-term BTC pullbacks.
🔑 Key Takeaways (Summary)
✅ Support/Resistance:
Daily: $96,800 (S) | $101,500 (R)
4H: $98,400 (S) | $100,700 (R)
✅ EMA Levels:
Daily: 50EMA $97,200 | 200EMA $92,400
4H: 50EMA $98,900 | 200EMA $96,200
✅ Fibonacci Key Level: $92,100 (0.618 retracement)
✅ Pivots:
Weekly: PP $97,800 | R1 $101,200
Daily: PP $99,000 | R1 $100,500
✅ USD News Watch: NFP (May 10) & Fed Speech (May 15).
📌 Final Thoughts
BTCUSD remains bullish above $96,800, but traders should monitor USD news and RSI divergence for potential reversals. A break above $101,500 could target $104,200, while failure to hold $96,800 may trigger a deeper correction.
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