JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch 
FxWirePro: AUD/USD better risk puts bulls back in charge 
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FxWirePro- Major Pair levels and bias summary 
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118 
Major Crypto Action Bias: BTC, ETH & SOL Turn Bullish – SOLUSD Leads as the Top Pair to Watch 
BTCUSD Holds Above 365 EMA as Bullish Momentum Builds Toward $70K 
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond 
FxWirePro: USD/CNY dips as yuan firms as investors await policy cues 
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200 
Major Pairs Action Bias: NZDUSD Turns Extremely Bullish as EURUSD Stays Bearish – AUDUSD Emerges as Key Bullish Pair to Watch 
BTCUSD traded in a narrow range between $53550 and $58200 for the past week. It hit a high of $58200 yesterday and is currently trading around $55186.
According to Farside investors, spot BTC ETF inflows of $143 million on Jul 6th, 2024. Markets eye US Fed chairman Powell's speech today and CPI data this week for further direction.
US markets -
NASDAQ (negative correlation with BTC) - Bearish (neutral for BTC). The NASDAQ hits a fresh all-time high on rate cut hopes. Any close above 20500 will take the index to 21000.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 66.50% from 57.90% a week ago.
Technicals-
BTCUSD trades above the short-term moving average (21 and 55 EMA) and the long-term moving average (200 EMA) in the 4-hour chart.
Minor support- $53000. Any break below will take it to the next level at $51825/$50000/$47000.
Bull case-
Primary supply zone -$57000. Any break above confirms a bullish continuation. A jump to $60000/$63500/$65000/$70000 is possible.
Secondary barrier- $70000. A close above that barrier targets $75000/$80000.
It is good to buy on dips around $55000 with SL around $50000 for TP of $75000.
