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 
FxWirePro: GBP/NZD slide lower shifts pressure to the downside 
FxWirePro- Major Crypto levels and bias summary 
Bitcoin Smashes $93K as Institutions Pile In – $100K Next? 
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K 
FxWirePro- Major European Indices 
Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K 
BTCUSD trades weak ahead of US NFP data. It hit a low of $55282 and is currently trading at around $55958.
The number of large investors holding between 100 BTC and 1000 BTC has reached 17- a month high to 16120. This shows that Whales are buying BTC at lower levels.
BTC ETF has seen an outflow of $211 million, seventh consecutive day.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep decreased to 57% from 70% a week ago.
US markets -
NASDAQ (negative correlation with BTC) - Bearish (neutral for BTC). The NASDAQ trades weak ahead of US Non-Farm- Payroll data. Any close above 20000 will take the index to 20500.
Technicals-
BTCUSD trades below the short-term moving average of 34- EMA and 55 EMA and the long-term moving average (200 EMA) in the 4-hour chart.
In the Daily chart also BTC holds below the short and long-term moving averages. This confirms minor weakness.
Minor support- $54000. Any break below will take it to the next level at $53000/$50000/$46000.
Bull case-
Primary supply zone -$57000. Any break above confirms an intraday bullishness. A jump to $60000/$61800/$63000/$65000/$67000/$70000 is possible.
Secondary barrier- $70000. A close above that barrier targets $750000/$80000.
Indicator (4-hour chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index - Neutral
It is good to sell on rallies around $59745-750 with SL around $56000 for TP of $50000.
