FxWirePro: GBP/AUD moves lower on weak UK data 
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro- Major European Indices 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
BTCUSD pared some of its gains after Fitch's downgrade. It has lowered the credit rating of the United States from AAA+ to AA+.BTC hits a low of $28929 and currently trading around $29121.
Major economic data for the week
Aug 3rd, 2023,
US initial jobless claims (12:30 pm GMT)
US ISM services PMI (2:00 pm GMT)
Aug 4th, 2023, US Non-Farm employment change (12:30 pm GMT)
Factors to watch for Bitcoin price action-
US markets -
NASDAQ (positive correlation with BTC) - Bullish (neutral for BTC). The correlation between Bitcoin and NASDAQ diverged and 90 -the day correlation dropped to almost zero. Any decline below 15200 will take the index to 14925.
According to the CME Fed watch tool, the probability of a no-rate hike in Sep increased to 82.50% from 78.70% a week ago.
Technicals-
Major support- $27500. Any break below will take it to the next level at $25000/$23800/$23300 if possible.
Bull case-
Primary supply zone -$32000. The breach above confirms minor bullishness. A jump to the next level of $36300/$40300/$41349 is possible.
Secondary barrier- $42600. A close above that barrier targets $48800/$50000.
It is good to buy on dips around $27500-600 with SL around $24500 for TP of $35000/$40000.
