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Neom Financial Academy

BTCUSD Daily Market Analysis - May 9, 2025

  • Neom
  • May 9
  • 2 min read

Introduction

The BTCUSD pair is currently trading at 103.185 USD as of May 9, 2025, showing interesting technical developments across multiple timeframes. This analysis will examine the daily and 4-hour charts using professional trading indicators to identify key levels and potential price movements.

Technical Analysis

1. Support & Resistance Levels

Daily Timeframe:

  • Support: 83,974 (recent swing low)

  • Resistance: 86,450 (recent swing high)

4-Hour Timeframe:

  • Immediate Support: 84,200

  • Immediate Resistance: 85,800

2. Fibonacci Retracement Levels

Using the daily swing levels (86,450 high and 83,974 low):

  • 23.6%: 84,980

  • 38.2%: 85,450

  • 50%: 85,712

  • 61.8%: 85,974

  • 78.6%: 86,350

3. Exponential Moving Averages (EMA)

Daily Timeframe:

  • EMA 50: 84,200

  • EMA 100: 83,500

  • EMA 200: 82,800

  • EMA 400: 81,200

4-Hour Timeframe:

  • EMA 50: 84,500

  • EMA 100: 84,000

  • EMA 200: 83,200

  • EMA 400: 82,000

4. RSI Divergence

The daily RSI shows:

  • Current reading: 58 (neutral territory)

  • Potential bearish divergence forming as price makes higher highs while RSI makes lower highs

5. Order Blocks

Key order blocks to watch:

  • Demand zone: 83,800-84,200

  • Supply zone: 85,800-86,200

6. MACD Analysis

Daily MACD shows:

  • MACD line crossing below signal line

  • Histogram bars decreasing in size

  • Suggests potential bearish momentum building

Pivot Points Analysis

Weekly Pivots:

  1. Pivot: 85,212

  2. Support 1: 84,500

  3. Resistance 1: 85,900

Daily Pivots:

  1. Pivot: 84,800

  2. Support 1: 84,200

  3. Resistance 1: 85,400

Fundamental Analysis & USD News

Upcoming USD Events:

  • May 12: Fed Chair Powell speech (potential market volatility)

  • May 14: US CPI data release (critical for BTCUSD correlation)

  • May 15: Retail Sales data (USD strength indicator)

These events could significantly impact BTCUSD as:

  1. Strong USD data typically pressures BTC price

  2. Hawkish Fed commentary may reduce risk appetite

  3. Inflation data affects crypto's appeal as inflation hedge


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Summary of Key Levels

Support & Resistance:

  • Daily: 83,974 (S) / 86,450 (R)

  • 4H: 84,200 (S) / 85,800 (R)

EMA Levels:

Daily:

  • 50: 84,200

  • 100: 83,500

  • 200: 82,800

  • 400: 81,200

4H:

  • 50: 84,500

  • 100: 84,000

  • 200: 83,200

  • 400: 82,000

Pivot Points:

Weekly:

  1. 85,212

  2. 84,500

  3. 85,900

Daily:

  1. 84,800

  2. 84,200

  3. 85,400

Fibonacci Levels:

  • 23.6%: 84,980

  • 38.2%: 85,450

  • 50%: 85,712

  • 61.8%: 85,974

  • 78.6%: 86,350

Conclusion

The BTCUSD pair shows mixed signals across timeframes with:

  • Bearish indications from MACD and RSI divergence

  • Key support at 83,974 holding for now

  • Resistance at 86,450 proving strong

Traders should watch the upcoming USD events closely and monitor the identified technical levels for potential breakout or reversal opportunities. The confluence of Fibonacci levels with pivot points around 85,200-85,700 makes this area particularly significant for short-term price action.


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