BTCUSD trading weak after mixed US Non-Farm Payroll data. It hit a high of $71076 at the time of writing and is currently trading around $71320.
US economy added 272000 jobs in May, compared to a forecast of 182000. The Unemployment rate jumps to 4% from 3.9%. Average wages rose to 4.1% Yoy vs 3.9% YoY.
US markets -
NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The NASDAQ pared some of its gains due to uptick in wage inflation. Any close above 19100 will take the index to 19500.
According to the CME Fed watch tool, the probability of a no-rate cut in June decreased to 97.50% from 98.90% a week ago.
Technicals-
BTCUSD trades above the short-term moving average (21 and 55 EMA) and the long-term moving average (200 EMA) in the 4-hour chart.
Minor support- $67000. Any break below will take it to the next level at $65000/$63000/$60000/$56000/$50000.
Bull case-
Primary supply zone -$75000. Any break 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 $65000 with SL around $63000 for TP of $75000.


Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded
FxWirePro- Major European Indices
FxWirePro: USD/CAD edges up ahead of upcoming Fed, BoC meetings
FxWirePro: USD/CAD edges up ahead of upcoming Fed, BoC meetings
FxWirePro: EUR/AUD downtrend slows, but bearish sentiment remains
Ethereum’s $3,000 Crossroads: Buy the Dip or Brace for the $2,000 Cliff?
FxWirePro: NZD/USD edges up, remains on front foot
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: USD/ CNY attracts selling interest, 23.6%fib eyed
NZDJPY: Bullish Momentum Awaits Breakout—Buy the Dip as Support Holds Strong
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K 



