BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/USD falls to six-week ,vulnerable to more downside 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices 
FxWirePro: NZD/USD gains on GDP beat,but downside trend holds 
Major Pair Currency Score: EURUSD and GBPUSD Extremely Bearish, USDCAD and USDCHF Extremely Bullish 
FxWirePro- Woodies Pivot (Major) 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: AUD/USD gains some ground but outlook is bearish 
Add as a preferred source on Google
BTCUSD showed a nice recovery on the upbeat market mood. It hit a high of $67645 yesterday and is currently trading around $66826.
In Mar 5th, 2024 announcement, Microstrategy planning to raise $700 million to buy more Bitcoin. Rumors in social media that Tesla might have bought 1000 BTC recently also support Bitcoin at lower levels.
Factors to watch for Bitcoin price action-
US markets -
NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The NASDAQ showed a minor pullback after dovish Fed Powell's testimony. Any close above 18350 will take the index to 18500.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar decreased to 95% from 96% a week ago.
Technicals-
BTCUSD trades above the short-term moving average (21 and 55 EMA) and above the long-term moving average (200 EMA) in the daily chart.
Minor support- $65000. Any break below will take it to the next level at $63000/$61500/$59300.
Bull case-
Primary supply zone -$69000. Any close above confirms a bullish continuation. A jump to $75000 is possible.
Secondary barrier- $75000. A close above that barrier targets $80000.
It is good to buy on dips around $60000 with SL around $57000 for TP of $69000.
