BTCUSD trades slightly lower despite upbeat market sentiment. The pair rebounded sharply after the dovish 75 bpbs rate hike by Fed.US dollar index continues to trade weak for a third consecutive week and dropped below 105.50. Bitcoin got exhausted after hitting a high of $24676 and is currently trading around $22910.
Factors to watch for Bitcoin price action-
US markets -
NASDAQ (positive correlation with BTC)- Bullish (positive for BTC). The index pared some of its gains due to profit booking. Any close above 13400 confirms a bullish continuation.
US bond yields (Bearish)-positive for BTC. US 10-year yield declined more than 25% from the recent high of 3.103%.
Technicals-
Major support- $22400. Any break below will take the pair to next level $21480/$20000/$19200/$17500 is possible.
Bull case-
Primary supply zone -$23600. The breach above confirms minor bullishness. A jump to the next level of $25400/$30000 is possible.
Secondary barrier- $33000. A close above that barrier targets $37000/$4000.
It is good to buy on dips around $22000 with SL around $20000 for TP of $30000.


FxWirePro- Major Pair levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Crypto levels and bias summary
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro- Major European Indices
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 



