BTCUSD trades higher on upbeat market sentiment.It hit a high of $66129 and is currently trading at around $64668.
Bitcoin whales have accumulated 71000 BTC this week, the highest since Apr 2023.
Bitcoin ETF saw inflows of $422.50 billion on Tuesday, the highest since June 6th 2024. MVRV Z-Score stands at 0.05 which shows a temporary bottom has been formed.
US markets -
NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The NASDAQ gained slightly after robust tech earnings. 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 91.6% from 69.70% 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- $57000. Any break below will take it to the next level at $55000/$53000/$51825/$50000/$47000.
Bull case-
Primary supply zone -$63000. Any break above confirms a bullish continuation. A jump to $65000/$70000 is possible.
Secondary barrier- $70000. A close above that barrier targets $75000/$80000.
It is good to buy on dips around $60000 with SL around $57000 for TP of $75000.


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm
FxWirePro: EUR/AUD force is with bears as pair hits low since June 11th
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K
FxWirePro: GBP/NZD slide lower shifts pressure to the downside
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature
FxWirePro: USD/JPY downside pressure builds, key support level in focus
FxWirePro: USD/ZAR recovers some ground but bearish outlook persists
Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded 



