FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro- Major Crypto levels and bias summary 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro- Major Crypto levels and bias summary 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
BTCUSD's surged more than 3% yesterday despite the First Republic collapse. BTC hits a high of $28880 and currently trading around $28680.
The decline in US regional banking shares has increased demand for safe-haven assets like BTC, and gold.
Major economic data
May 3rd, 2023 US ISM services PMI (2 pm GMT)
FOMC statement (6 pm GMT)
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 on banking turmoil. Any weekly close above 13250 will take the index to 13725.
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in May decreased to 86.7% from 93.20% a day ago.
Technicals-
Major support- $27000. Any break below will take it to the next level at $25000/$24300 is possible.
Bull case-
Primary supply zone -$30000. The breach above confirms minor bullishness. A jump to the next level of $37000/$43200/$48500 is possible.
Secondary barrier- $52200. A close above that barrier targets $60000/$69000.
It is good to buy on dips around $25000 with SL around $23000 for TP of $30000.
