BTCUSD is consolidating in a narrow range
petween $65999 and $72756 for the past week
Halving date- Apr 20th, 2024.
Honkong's Securities and Futures
Commission (SFC) is likely to approve BTC ETF
next week, according to Reuters. Bitcoin's
relative realized profit which, is lower now at
1.8% compared to 3$ in 2021, according to
Glassnode data.
US markets -
NASDAQ (negative correlation with BTC)
Bullish (neutral for BTC). The NASDAQ has
shown a minor pullback after weak US PPI
data. Any close below 18000 will take the index
to 17700/17300.
According to the CME Fed watch tool, the
probability of a 25 bpbs rate cut in June
decreased to 23.80% from 59.10% 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.

Signal
Sell $72000 with SL around $76000 for TP of
$66800.