Bitcoin Cracks $75K as $1.3B ETF Exodus and Middle East Jitters Spook Bulls; Bears Eye $70K 
FxWirePro: USD/CNY bears maintain upper hand 
FxWirePro- Woodies pivot (Major) 
Bitcoin Buckles at $73,500: Middle East Tensions and Weak Institutional Demand Set Bearish EMA Stack on $70K Collision Course 
ETH Cracks $2,100 in Bitcoin’s Wake as Bearish EMA Stack Deepens; Sellers Target $1,900 on Rallies 
FxWirePro: GBP/USD recovers some ground but bears are not done yet 
Ether Breaks Below $2,100: Triple EMA “Sell-the-Rally” Setup Targets $1,900 
Ethereum Cracks Below $2,000 as Bitcoin Contagion Bites—Bearish EMA Stack Sets Sights on $1,700 
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates 
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95 
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
FxWirePro: EUR/AUD downward momentum remains in place 
FxWirePro- Major Crypto levels and bias summary 
BTCUSD trades higher after positive comments from Donald Trump. It hit a high of $67485 at the time of writing and is currently trading at around $67195.
Donald Trump said in the Bitcoin conference 2024 that SEC Chairman Gary Gensler will be fired and a new chairman will be appointed.
"It will be the policy of my administration...to keep 100% of all the bitcoin the US government currently holds or acquires into the future,"
US markets -
NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The NASDAQ pared some of its gains ahead of major tech earnings. Market eyes Apple, Microsoft, and Amazon for further movement. Any close below 18700 will take the index to 18500.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep decreased to 89.60% from 94% 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- $65000. Any break below will take it to the next level at $63000/$60000/$57000/$53000/$50000.
Bull case-
Primary supply zone -$70000. Any break above confirms a bullish continuation. A jump to $75000 is possible.
Secondary barrier- $75000. A close above that barrier targets $80000.
It is good to buy on dips around $67000 with SL around $65000 for TP of $75000.
