🚀 BTCUSD Daily Analysis based on Main Key Levels - April 2, 2025

Market Snapshot 📊

Daily Current Market Price (DCMP): 84,419

📌 Above DCMP: Resistance Zone 🛑

📌 Below DCMP: Support Zone 🛡️

Swing Levels:

🔺 Swing High: 88,772

🔻 Swing Low: 81,138

Key Technical Levels 🔑

Resistance Levels (Sell Zones) 📉

🎯 86,896 (Strong Resistance, Confluence Level)

🎯 88,690 (Critical Resistance)

🎯 91,448 (Extended Resistance Zone)

Support Levels (Buy Zones) 📈

🛡️ 84,227 (Immediate Support)

🛡️ 81,469 (Solid Support Area)

🛡️ 79,765 (Critical Support Floor)

Technical Indicators Analysis 📉📈

Momentum Indicators:

📉 RSI: 57 (Neutral with potential bearish divergence)

📊 MACD: Bullish crossover observed, momentum slightly bullish above DCMP

Fibonacci Insights:

🔍 Fib Retracement: 84,227 aligns with 50% retracement level, solidifying as key support.

🔍 Fib Extension: 86,896 aligns closely with the 61.8% extension, marking significant resistance.

Price Action & Pattern Recognition:

🔎 Price consolidating between 84,227 (support) and 86,896 (resistance).

🔎 Bearish engulfing candle formation near 86,896 resistance indicates sellers entering the market.

Intraday Trade Setups 💼

🟢 Intraday Buy Trade Setup

Entry Price: 84,227 🎯 (Key Fibonacci & Support confluence)

Stop Loss: 83,183 🔴 (Below immediate daily support)

Take Profit 1: 85,561 📈 (Immediate resistance)

Take Profit 2: 86,896 📈 (Strong resistance level)

🔴 Intraday Sell Trade Setup

Entry Price: 86,896 🎯 (Significant resistance & Fibonacci extension)

Stop Loss: 88,690 🔴 (Above critical resistance)

Take Profit 1: 84,227 📉 (Immediate support)

Take Profit 2: 83,183 📉 (Next strong support)

Risk Management Essentials ⚠️

✅ Maintain at least 1:2 Risk-Reward Ratio.

✅ Position sizing should not exceed 2% of trading capital.

✅ Closely monitor Bitcoin-related news and global economic indicators for fundamental confirmations.

Technical levels verified through TradingView charts. Analysis valid until April 3, 2025, NY close.

Expert Tip: Keep a keen eye on the 84,227 support level 📌—a decisive break or bounce here could trigger substantial intraday momentum! 🚨