BTCUSD spared some of its gains on risk aversion. It hit a high of $57737 yesterday and is currently trading at around $54725.
Morgan Stanley advisors, controlling $1.3T in wealth, can offer BTC ETFs to their clients starting today. Assuming that 0.01% of assets are interested is $13B more in assets coming into crypto.
According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Sep increased to 73.50% from 11.0% a week ago.
US markets -
NASDAQ (negative correlation with BTC) - Bearish (neutral for BTC). The NASDAQ showed a minor pullback after the BOJ confirmed there would not be further rate hikes. Any close above 18500 will take the index to 19000.
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- $54500. Any break below will take it to the next level at $53000/$50000/$46000.
Bull case-
Primary supply zone -$58000. 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 $51500 with SL around $49500 for TP of $60000/$63000.


Major Pair Currency Score: USDCAD Extremely Bearish, NZDUSD Bearish, EURUSD, GBPUSD, AUDUSD Bullish
FxWirePro- Major Pair levels and bias summary
Silver Under Pressure After ECB Rate Hike: Bearish Technicals Point to Sell-on-Rally Opportunity
FxWirePro: EUR/AUD gains modestly ahead of ECB policy decision
EUR/JPY Bearish Bias Persists: Strategic Sell-on-Rally Setup Near 179.30 Target
FxWirePro- Major Crypto levels and bias summary
Market Outlook: Crypto Score Signals Extremely Bullish Structure Across BTC, ETH, SOL, and BNB
FxWirePro: USD/ZAR recovers slightly but bears are not done yet
FxWirePro: USD/JPY extends decline, vulnerable to more downside
NZDJPY Plummets Below 90; Downtrend Favors Sellers on Pullbacks
FxWirePro- Woodies Pivot (Major) 



