BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
BTCUSD trades weak on risk aversion.It hit a low of $58456 and is currently trading around $61172.
The US and German governments transferred 3940 BTC and 750 BTC respectively
US markets -
NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The NASDAQ recovered slightly ahead of US GDP data. Any close above 20000 will take the index to 20500.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep decreased to 56.300% from 57.50% a week ago.
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- $58000 Any break below will take it to the next level at $56000/$50000.
Bull case-
Primary supply zone -$65000. Any break above confirms a bullish continuation. A jump to $70000/$75000 is possible.
Secondary barrier- $75000. A close above that barrier targets $100000.
It is good to sell on rallies around $65000 with SL around $70000 for TP of $50000.
