FxWirePro- Major Crypto levels and bias summary 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Urban studies: Doing research when every city is different 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Wall Street Analysts Weigh in on Latest NFP Data 
BTCUSD lost its shine on weak market sentiment. It hit a low of $53091 at the time of writing and is currently trading at around $54235.
The increasing US unemployment data and weak US ISM manufacturing have increased the recession fears.
According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Sep increased to 81.50% from 11.50% a week ago.
US markets -
NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The NASDAQ lost its shine on recession fears. Any close below 17800 will take the index to 17000.
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- $51800. Any break below will take it to the next level at $50000/$46000.
Bull case-
Primary supply zone -$57000. Any break above confirms a bullish continuation. A jump to $60000/$63000/$65000/$70000 is possible.
Secondary barrier- $70000. A close above that barrier targets $750000/$80000.
It is good to buy on dips around $51800-900 with SL around $48000 for TP of $63000/$67000.
