BTCUSD | Trade idea
Updated
- BTCUSD Performance: BTCUSD pulled back after reaching a minor top around $65,000, hitting a high of $65,103 and currently trading around $62,500.
- Rate Cut Probability: The probability of a 25 basis point rate cut in September increased to 71.50% from 71% a week ago (CME Fed watch tool).
- BTC ETF Inflows: BTC ETF saw an inflow of $202.51 million, with BlackRock attracting $224 million.
- US Markets: NASDAQ, which has a negative correlation with BTC, is bearish but neutral for BTC. NASDAQ is trading weak ahead of Nvidia earnings; a close above 20,000 could push it to 20,500.
Trade active
Trading duration - Long term. Trade closed: target reached
ATH
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