FxWirePro: USD/CNY downside pressure builds, key support level In focus 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: GBP/AUD moves lower on weak UK data 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92 
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention 
FxWirePro- Major European Indices 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro- BTCUSD Daily Outlook
BTCUSD nosedived sharply after hitting an all-time high. The surge in inflation has decreased the chance of an early rate cut by the Fed. The crypto market dropped ahead of Fed monetary policy. It hit a high of $64522 and is currently trading around $68336.
According to coin glass data, a $125 million long position liquidated. The net inflow dropped by 38.30% to $684M compared to the previous day Mar 13th, 2024.
Factors to watch for Bitcoin price action-
US markets -
NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The NASDAQ showed a minor sell-off as the Fed signals a rate pause. 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 98% 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- $64500. Any break below will take it to the next level at $61800/$60000/$59000.
Bull case-
Primary supply zone -$75000. Any close above confirms a bullish continuation. A jump to $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.
