📊BTCUSD 28th December 2024 Weekly Analysis Based on Main Key Levels

In this blog post, we provide a comprehensive analysis of the BTCUSD market as of December 28, 2024. This analysis focuses on key price levels and potential trading strategies to help traders navigate the current market environment.

📍 Daily Current Market Price (DCMP)

The current market price for BTCUSD is 94,462. This serves as a crucial reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 104,733

Resistance 2: 108,567

Resistance 3: 114,773

✅ Support (Below DCMP)

Support 1: 92,321

Support 2: 88,487

Support 3: 82,281

📉 Swing Levels

Swing High: 108,364

Swing Low: 92,118

Summary of Analysis

As of now, the BTCUSD market is positioned at 94,462. The key resistance levels above this price include 104,733, 108,567, and 114,773. The support level below this price is 92,321. The swing high is at 108,364, and the swing low is at 92,118.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 92,321

Stop Loss: ❌ 92,118

Take Profit 1: 🎯 93,500

Take Profit 2: 🎯 94,000

📌 Reason for Entry

The price is approaching a key support level at 92,321, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 98,527

Stop Loss: ❌ 98,984

Take Profit 1: 🎯 95,500

Take Profit 2: 🎯 94,500

📌 Reason for Entry

Resistance at 98,527 suggests a potential selling opportunity as it aligns with the technical analysis, providing clear targets below this level.

Conclusion

This analysis provides a crisp overview of key levels and trade opportunities for BTCUSD. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!