# FxWirePro- BTCUSD Daily Outlook By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/investing/12796 Published: 2024-08-25T22:00:04.000Z Updated: 2024-08-25T22:00:04.000Z Section: Investing > BTCUSD holds above $60000 ahead of the Jackson Hole Symposium. It hit a high of $61336 and is currently trading at around $61100. BTCUSD holds above $60000 ahead of the Jackson Hole Symposium. It hit a high of $61336 and is currently trading at around $61100. US jobless claims increased slightly and S&P services PMI rose sharply showing that the US economy is resilient. Markets anticipate a 25bpbs rate cut in Sep. According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep decreased to 73.50% from 75% a week ago. BTC ETF have outflows of $10.70 million excluding flow data of iShares Bitcoin ETF (IBIT). US markets - NASDAQ (negative correlation with BTC) - Bearish (neutral for BTC). The NASDAQ trades flat ahead of the Jackson Hole symposium. Any close below 19300 will drag the index to 19000. Technicals- BTCUSD trades above the short-term moving average of 21 EMA and below 55 EMA and the long-term moving average (200 EMA) in the 4-hour chart. Minor support- $57000. Any break below will take it to the next level at $54500-/$53000/$50000/$46000. Bull case- Primary supply zone -$63000. Any break above confirms a bullish continuation. A jump to $65000/$67000/$70000 is possible. Secondary barrier- $70000. A close above that barrier targets $750000/$80000. It is good to buy on dips around $55000 with SL around $52000 for TP of $63000/$67000. [TokenPost]() | info@tokenpost.com ## Links in this article - [TokenPost](https://www.tokenpost.com)