Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red 
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup 
FxWirePro: USD/CNY bears maintain upper hand 
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FxWirePro- Major Crypto levels and bias summary 
ETH Cracks $2,100 in Bitcoin’s Wake as Bearish EMA Stack Deepens; Sellers Target $1,900 on Rallies 
Ether Breaks Below $2,100: Triple EMA “Sell-the-Rally” Setup Targets $1,900 
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates 
FxWirePro: USD/ZAR sell bias remains below key resistance zone 
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FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets 
BTCUSD showed a minor decline despite weak US CPI data. It hit a high of $59516 and is currently trading around $57242.
According to Coinglass data, BTC ETF has seen inflows for the fourth consecutive day after massive outflows in the past month.
In July Bitcoin wallets holding 10 BTC increased to more than 261 confirming the bullish trend in Bitcoin.
US markets -
NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The NASDAQ pared some of its gains on major tech company's sell-off. Any close above 20500 will take the index to 21000.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 86.40% from 68.40% a week ago.
Technicals-
BTCUSD trades below the short-term moving average (21 and 55 EMA) and the long-term moving average (200 EMA) in the 4-hour chart.
Minor support- $53000. Any break below will take it to the next level at $51825/$50000/$47000.
Bull case-
Primary supply zone -$60000. Any break above confirms a bullish continuation. A jump to $63500/$65000/$70000 is possible.
Secondary barrier- $70000. A close above that barrier targets $75000/$80000.
It is good to buy on dips around $55000 with SL around $50000 for TP of $75000.
