BTCUSD trades weak on BTC ETF outflows. It hit a low of $64093 yesterday and is currently trading around $65123.
According to fairside Investors, the total BTC ETF outflows on June 18th, 2024 excluding iShares Bitcoin trust (IBIT) and Valkyrie Bitcoin fund is $152.4 million. Whales have accumulated 50000 BTC between June 7th and Jun 17th, 2024.
US markets -
NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The NASDAQ hits a fresh all-time high on weak US retail sales. Any close above 20000 will take the index to 20500.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 61.70% from 46.80% a week ago.
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- $63000. Any break below will take it to the next level at $60000/$56000/$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 $100000.
It is good to buy on dips around $65000 with SL around $63000 for TP of $75000.


Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: AUD/USD edged lower as early optimism over U.S.–Iran peace talks fade
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: GBP/AUD takes back some lost ground
Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede 



