Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
ETHUSD Finds Its Footing: Buy the Dip for a Potential Surge Toward $3600 
Ethereum Refuses to Stay Below $3,000 – $3,600 Next? 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Stock Futures Dip as Investors Await Key Payrolls Data 
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K 
FxWirePro- Major Crypto levels and bias summary 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
BTCUSD lost its shine on weak market sentiment. It hit a low of $53091 at the time of writing and is currently trading at around $54235.
The increasing US unemployment data and weak US ISM manufacturing have increased the recession fears.
According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Sep increased to 81.50% from 11.50% a week ago.
US markets -
NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The NASDAQ lost its shine on recession fears. Any close below 17800 will take the index to 17000.
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- $51800. Any break below will take it to the next level at $50000/$46000.
Bull case-
Primary supply zone -$57000. Any break above confirms a bullish continuation. A jump to $60000/$63000/$65000/$70000 is possible.
Secondary barrier- $70000. A close above that barrier targets $750000/$80000.
It is good to buy on dips around $51800-900 with SL around $48000 for TP of $63000/$67000.
