# FxWirePro- BTCUSD Daily Outlook By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/investing/11885 Published: 2024-05-27T03:05:05.000Z Updated: 2024-05-27T03:05:05.000Z Section: Investing > BTCUSD pared some of its gains after the upbeat US economic data.It hit a low of $66373 yesterday and is currently trading around $67104. BTCUSD pared some of its gains after the upbeat US economic data.It hit a low of $66373 yesterday and is currently trading around $67104. US durable goods orders rose 0.70% in Apr compared to a forecast of -0.90%. Core durable goods orders excluding transportation surged 0.40% in Apr vs. an Estimate of 0.10%. US markets - NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The NASDAQ declined slightly from an all-time high, due to profit booking. Any close above 19000 will take the index to 19200/19500. According to the CME Fed watch tool, the probability of a no-rate cut in June decreased to 98.70% from 91.1% 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. Minor support- $67000. Any break below will take it to the next level at $63000/$60000/$56000/$50000. Bull case- Primary supply zone -$75000. Any break above confirms a bullish continuation. A jump to $80000 is possible. Secondary barrier- $80000. A close above that barrier targets $100000. [TokenPost]() | info@tokenpost.com ## Links in this article - [TokenPost](https://www.tokenpost.com)