BTCUSD Analysis – Key Resistance Area in Focus
Bitcoin (BTCUSD) is currently trading near a major resistance zone around 108,000, after maintaining strong bullish momentum over the past sessions.
Technical Overview:
Resistance Zone: 108,000 – 108,200 (Red Zone)
Support Levels:
First Support: 106,400
Second Support: 104,800
Key Support Zone: 102,500 – 102,000
Trade...
BTCUSD Analysis – Key Resistance Area in Focus
Bitcoin (BTCUSD) is currently trading near a major resistance zone around 108,000, after maintaining strong bullish momentum over the past sessions.
Technical Overview:
Resistance Zone: 108,000 – 108,200 (Red Zone)
Support Levels:
First Support: 106,400
Second Support: 104,800
Key Support Zone: 102,500 – 102,000
Trade...
Bank of America analysts said in a note that even if the Fed signals this week that it will slow the pace of rate cuts, the dollar is likely to be little changed. Markets expect the Fed to cut rates by 25 basis points, but could signal a pause in January. The prospect of a slower rate cut is positive for the dollar. However, this is likely to be offset by the Fed...
Generally, the direction is a downtrend
Spot gold fell on Tuesday ahead of the Federal Reserve’s policy meeting as the market keenly awaited the U.S. central bank’s outlook for cues on the interest rate path in 2025.
Downtrend Side: The price continues its bearish trend and has closed the 4-hour candle in a bearish position. We should wait for either the 1-hour...
Empty order strategy:
Strategy one: Gold rebound near 2663-2665 batch short (buy down) two-tenth position, stop loss of 6 points, target near 2650-2640, break the 2630 line
Multi-single strategy:
Strategy two: Gold callback near 2628-2630 batch long (buy up) two-tenth position, stop loss of 6 points, target near 2640-2650, break the 2660 line;
