BTCUSD trades slightly lower despite upbeat market sentiment. The pair rebounded sharply after the dovish 75 bpbs rate hike by Fed.US dollar index continues to trade weak for a third consecutive week and dropped below 105.50. Bitcoin got exhausted after hitting a high of $24676 and is currently trading around $22910.
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 due to profit booking. Any close above 13400 confirms a bullish continuation.
US bond yields (Bearish)-positive for BTC. US 10-year yield declined more than 25% from the recent high of 3.103%.
Technicals-
Major support- $22400. Any break below will take the pair to next level $21480/$20000/$19200/$17500 is possible.
Bull case-
Primary supply zone -$23600. The breach above confirms minor bullishness. A jump to the next level of $25400/$30000 is possible.
Secondary barrier- $33000. A close above that barrier targets $37000/$4000.
It is good to buy on dips around $22000 with SL around $20000 for TP of $30000.


JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground
Gold Loses Steam After Strong U.S. Retail Sales
FxWirePro: GBP/USD under pressure despite UK's modest economic growth
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bullish Surge: Strong Kiwi Ignites Fresh Upside as 94 Support Holds and All EMAs Align
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
JPY Action Bias: Extremely Bullish Surge Ignites Across NZD, GBP & AUD
FxWirePro: AUD/USD edges lower, but bullish outlook persists
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align 



