FxWirePro- Major Crypto levels and bias summary 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro- Major European Indices 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major Crypto levels and bias summary 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
BTCUSD showed a minor pullback after BTC ETF optimism. It hit a high of $44409 and is currently trading around $43759
BTC ETF
According to Charles Gasparino of Fox Business, "Firms feel "confident the SEC will approve" spot ETF after Jan 8th, 2024. They believe the SEC could approve several ETF applications at once.
Major Economic data for the day
Dec 22nd, 2023, Core PCE index (1:30 pm GMT)
Core durable goods order
US new home sales (3 pm GMT)
Factors to watch for Bitcoin price action-
US markets -
NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The 60-day correlation between Bitcoin and NASDAQ 100 turned negative, according to data from Kaiko. Any close above 16800 will take the index to 17000/17500.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Jan increased to 14.5% from 12.40% a day ago.
Technicals-
Minor support- $42700. Any break below will take it to the next level at $41790/$40700.
Bull case-
Primary supply zone -$45000. Any surge past this level confirms a bullish continuation. A jump to $48000/$50000 is possible.
Secondary barrier- $50000. A close above that barrier targets $52000/$56600.
It is good to buy on dips around $40000 with SL around $37800 for TP of $50000.
