📊 BTCUSD 31st December 2024 Daily Analysis Based on Main Key Levels

In this analysis, we provide a comprehensive overview of BTCUSD as of December 31, 2024. The Daily Current Market Price (DCMP) for BTCUSD is 92,475. This serves as a critical reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 98,138

Resistance 2: 99,906

Resistance 3: 102,768

✅ Support (Below DCMP)

Support 1: 92,414

Support 2: 90,646

Support 3: 87,784

📉 Swing Levels

Swing High: 99,881

Swing Low: 90,646

Summary of Analysis

As of the current market price of 92,475, key resistance levels above this price include 98,138, 99,906, and 102,768. The support levels below this price are 92,414, 90,646, and 87,784. The swing high is at 99,881, and the swing low is at 90,646.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 92,141

Stop Loss: ❌ 91,579

Take Profit 1: 🎯 92,475

Take Profit 2: 🎯 92,945

📌 Reason for Entry

The price is approaching a key support level at 92,414, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 95,276

Stop Loss: ❌ 96,521

Take Profit 1: 🎯 94,311

Take Profit 2: 🎯 93,906

📌 Reason for Entry

Resistance at 95,276 suggests a potential selling opportunity, with targets set below this level.

Conclusion

This analysis provides a concise 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!