BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro- Major Crypto levels and bias summary 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro- Woodies Pivot(Major) 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro- Major Pair levels and bias summary 
BTCUSD is trading in a narrow range ahead of US CPI data. Markets expect inflation to rise by 0.40% m/m from 0.10% the previous month. Any lower-than-expected US CPI will push BTC prices above $30000. BTC hits a low of $27390 this week and currently trading around $28680.
Major economic data this week
May 10th, 2023 US CPI m/m (12:30 pm GMT)
May 11th, 2023 BOE Monetary policy (11 am GMT)
US PPI (12:30 pm GMT)
Unemployment benefits (12:30 pm)
May 12th, 2023, Prelim UoM Consumer Sentiment (2 pm GMT)
Factors to watch for Bitcoin price action-
US markets -
NASDAQ (positive correlation with BTC) - Bullish (positive for BTC). The index is in consolidating phase for the past five weeks. Any weekly close above 13300 will take the index to 13725.
According to the CME Fed watch tool, the probability of a no-rate hike in June decreased to 79.30% from 84.50% 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.
