EUR/USD Defies ECB Rate Hike to Reclaim 1.1600: Technical Setup Points to Buy-on-Dips Opportunity 
JPY Major Currency Score: All Bearish 
FxWirePro: AUD/USD stays defensive ahead of key U.S. inflation data 
FxWirePro- Major Crypto levels and bias summary 
NZDJPY Consolidates, Resistance at 90.78 May Signal Favorability for Downtrend 
JPY Major Currency Score: AUDJPY, EURJPY, CADJPY Extremely Bearish 
FxWirePro- Major Crypto levels and bias summary 
Silver Under Pressure After ECB Rate Hike: Bearish Technicals Point to Sell-on-Rally Opportunity 
Add as a preferred source on Google
BTCUSD hits an all-time high on upbeat market sentiment. The surge in US CPI has decreased the chance of a rate cut by the Fed supports the crypto market. It hit a high of $73679 at the time of writing and is currently trading around $73269.
According to BitMex research, spot BTC ETF has added 14706 BTC of $1 billion in net inflows with Blackrock with a record $849 million of inflow.
Factors to watch for Bitcoin price action-
US markets -
NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The NASDAQ showed a minor pullback after the US inflation data. Any close above 18350 will take the index to 18500.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar decreased to 99% from 96% a week ago.
Technicals-
BTCUSD trades above the short-term moving average (21 and 55 EMA) and above the long-term moving average (200 EMA) in the daily chart.
Minor support- $71000. Any break below will take it to the next level at $68000/$65000.
Bull case-
Primary supply zone -$73500. Any close above confirms a bullish continuation. A jump to $75000/$80000 is possible.
Secondary barrier- $80000. A close above that barrier targets $100000.
It is good to buy on dips around $70000 with SL around $64800 for TP of $80000/$85000.
