# FxWirePro- BTCUSD Daily Outlook By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/investing/12954 Published: 2024-09-09T23:55:03.000Z Updated: 2024-09-09T23:55:03.000Z Section: Investing > BTCUSD trades weak after US NFP data. It hit a low of $52530 and is currently trading at around $55268. BTCUSD trades weak after US NFP data. It hit a low of $52530 and is currently trading at around $55268. US economy added 142k new jobs in Aug, below the forecast of 160K. Unemployment ticked lower to 4.2% from 4.3%. BTC ETF has seen outflows of $1.2 billion between Aug 30th and Sep 6th. BTC Whales bought 4014 BTC valued at $227.7 million last week. According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 75% from 70% a week ago. US markets - NASDAQ (negative correlation with BTC) - Bearish (neutral for BTC). The NASDAQ trades weak after mixed US Non-Farm- Payroll data. Any close below 18000 will take the index to 17400. Technicals- BTCUSD trades below the short-term moving average 34- EMA and 55 EMA and the long-term moving average (200 EMA) in the 4-hour chart. In daily chart also BTC holds below short and long-term moving averages. This confirms a minor weakness. Minor support- $52000. Any break below will take it to the next level at $50000/$46000. Bull case- Primary supply zone -$57000. Any break above confirms an intraday bullishness. A jump to $60000/$61800/$63000/$65000/$67000/$70000 is possible. Secondary barrier- $70000. A close above that barrier targets $750000/$80000. Indicator (1-hour chart) CCI (14)- Bullish CCI (50)- Bullish Average directional movement Index - Bullish It is good to buy on dips around $54500 with SL around $52000 for TP of $63000. [TokenPost]() | info@tokenpost.com ## Links in this article - [TokenPost](https://www.tokenpost.com)