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.


FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ CNY attracts selling interest, 23.6%fib eyed
EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm
FxWirePro: EUR/CAD tumbles as strong Canadian jobs data fuels BoC rate-hike bets
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
Bitcoin Smashes $93K as Institutions Pile In – $100K Next?
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature
Robinhood Expands into Indonesia with Strategic Crypto and Brokerage Acquisitions 



