Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw 
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish 
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout 
FxWirePro: GBP/USD bulls remain cautiously optimistic 
FxWirePro: USD/CAD extends decline on broad dollar weakness 
FxWirePro- Major Crypto levels and bias summary 
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level 
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off 
U.S. Pushes for Crypto Regulation to Keep Digital Asset Growth at Home 
BTCUSD trades in a narrow range between 25800 and 27666 for the past 10 days. Market eagerly awaits progress in US debt ceiling negotiations talks between US President and Mcgrathy. Any debt default by the US will drag crypto markets further down. BTC hits an intraday high of $27478 and currently trading around $27295.
Major economic data this week
May 23rd, 2023, US Flash manufacturing and services PMI (1:45 pm GMT)
New home sales (2:00 pm GMT)
May 24th, 2023, FOMC Meeting minutes (6 pm GMT)
May 25th 2023, US Prelim GDP Q/Q (12:30pm GMT)
US unemployment claims
Pending home sales (2 pm GMT)
May 26th, 2023, US Core PCE index m/m (12:30 pm GMT)
Core Durable goods order m/m (12:30 pm GMT)
Factors to watch for Bitcoin price action-
US markets -
NASDAQ (positive correlation with BTC) - Bullish (positive for BTC). The index hits an 8-month high on upbeat market sentiment. Any weekly close above 13750 will take the index to 15000.
According to the CME Fed watch tool, the probability of a no-rate hike in June increased to 86.2% from 84.50% a week ago.
Technicals-
Major support- $25800. Any break below will take it to the next level at $25000/$24300/$2000 is possible.
Bull case-
Primary supply zone -$30000. The breach above confirms minor bullishness. A jump to the next level of $37000/$43200/$48500 is possible.
Secondary barrier- $52200. A close above that barrier targets $60000/$69000.
It is good to buy on dips around $25000 with SL around $23000 for TP of $30000.
