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The Oct. 10–11 sell-off that erased an estimated ~$19–20 billion across crypto within 24 hours has ignited a fierce post-mortem over whether market structure—or malice—turned a macro shock into cascading liquidations. Crypto Crash Not Random? On X, Uphold’s head of research Dr. Martin Hiesboeck alleged the crash “is suspected to be a targeted attack that exploited a flaw in Binance’s Unified Account margin system,” arguing that collateral posted in assets such as USDe, wBETH and BnSOL “had liquidation prices based on Binance’s own volatile spot market, not reliable external data,” which allowed a cascade once those instruments depegged on Binance order books. He added that the episode “was timed to exploit a window between Binance’s announcement of a fix and its implementation,” calling it “Luna 2.” Binance has publicly acknowledged extraordinary price dislocations in exactly those instruments during the crash window and has committed to compensating affected users. In a series of notices published Oct. 12–13 (UTC), the exchange said that “all Futures, Margin, and Loan users who held USDE, BNSOL, and WBETH as collateral and were impacted by the depeg between 2025-10-10 21:36 and 22:16 (UTC) will be compensated, together with any liquidation fees incurred,” with the payout “calculated as the difference between the market price at 2025-10-11 00:00 (UTC) and their respective liquidation price.” Binance also outlined “risk control enhancements” after the incident. The depegs were violent on Binance’s books: USDe printed as low as roughly $0.65, while wrapped staking tokens wBETH and BNSOL also plunged, briefly gutting the collateral value in Unified Accounts and triggering forced unwinds. Third-party market coverage and exchange community posts documented those prints and the immediate knock-on to margin balances during the 21:36–22:16 UTC window. Hiesboeck later framed the chain of events as leverage meeting brittle collateral mechanics rather than pure price discovery. In a follow-up explainer, he wrote: “The Trigger: It all started with external shock. A political post (Trump’s new tariff threat) hit the US stock market, and that fear spilled directly into crypto… The Amplifier: …too many people using massive leverage… Domino Effect: …panic selling hit related assets that were supposed to be stable (like USDe and wBETH), causing them to ‘depeg’… The Lesson (and Binance’s Role): Analysts say the true issue was not an attack, but bad design… [the] system dumped [collateral] immediately at any price.” He added that “Binance is now preparing a huge compensation plan.” Macro shock is, in fact, a credible first domino. The Oct. 10–11 liquidation wave was triggered by new tariff threats from the US President Donald Trump against China, which sparked cross-asset risk-off and an aggressive deleveraging across crypto perps. Friday’s crash was the “largest ever” liquidation event with roughly $20 billion in liquidations in a single day, with more than $1.2 billion of trader capital erased on Hyperliquid alone. Where the debate turns technical is on the “exploit” claim. One camp points to a design gap in how Binance’s Unified Account treated certain collateral: rather than anchoring to robust external pricing, liquidation thresholds referenced internal spot pairs that became thin and disorderly precisely when they were most system-critical. That design, critics argue, created a reflexive loop in which depegging collateral forced liquidations that sold more of the same collateral back into the same unstable books. Binance, for its part, has said it will adjust pricing logic for wrapped assets and has begun compensating users who were liquidated or suffered verified losses during the specified window. Ethena’s team, whose synthetic dollar USDe was at the center of the move, contends the problem was localized to Binance’s pricing/oracle path rather than a fundamental break in USDe’s mechanism. At press time, the total crypto market cap recovered to $3.87 trillion.

While everyone remains focused on how the story between the U.S. and China will unfold, European Central Bank (ECB) President Christine Lagarde stated that the regulator has already determined its inflation target and expects an economic revival in 2026. "Inflation remains close to our 2% target," Lagarde said, adding that core price pressures also persist and that wage growth is expected to continue slowing. Addressing lawmakers, she noted that weak export figures — driven by high tariffs, a stronger euro, and intensifying global competition — are likely to hold back economic growth until the end of this year. These comments came amid growing concerns about slowing economic growth in the euro area. Despite success in containing inflation, the obstacles to recovery remain substantial. High energy prices, geopolitical tensions, and uncertainty in global trade continue to create a challenging environment for businesses and consumers alike. The European Central Bank is under pressure as it tries to balance supporting economic growth with keeping inflation under control. ECB policymakers have repeatedly affirmed their commitment to achieving the 2% inflation target, while also acknowledging that tightening monetary policy too aggressively could harm the economy. Under these conditions, the outlook for the eurozone remains uncertain. Improvement in the global economic situation seems unlikely in the near term, and new trade disputes could further undermine the region's future prospects. "The impact of these factors on growth should ease next year," Lagarde said. "Survey data indicate that the services sector continues to expand, suggesting some positive underlying momentum in the economy." Most policymakers, including Lagarde herself, have recently expressed their reluctance to lower borrowing rates below the current 2% level, as inflation hovers near target and the risks appear balanced in both directions. "If you look at my inflation forecast, the balance of risks, and core inflation, as I have said many times before — we are in a good position," the ECB president said. Lagarde reiterated the ECB's official stance that policy decisions will continue to be data-dependent, with no pre-commitments regarding future actions. Current Technical Outlook for EUR/USD At present, buyers need to focus on reclaiming the 1.1630 level. Only a breakout above this mark would allow a move toward 1.1660. From there, the pair could climb to 1.1690, although doing so without the support of major players would be quite difficult. The ultimate upward target remains 1.1720. In the event of a decline, significant buying interest is expected to appear around 1.1590. If no large buyers emerge there, it would be prudent to wait for a retest of the 1.1545 low or consider opening long positions near 1.1510. Current Technical Outlook for GBP/USD Buyers of the pound should aim to break the nearest resistance at 1.3360. Only this will open the path toward 1.3390, though breaking above that level could prove difficult. The farthest upward target is the 1.3425 level. If the pair falls, bears will likely try to regain control near 1.3330. If they succeed, a break below this range would deal a serious blow to the bulls and push GBP/USD toward the 1.3290 low, with the potential to extend losses to 1.3260. The material has been provided by InstaForex Company - www.instaforex.com

The euro and the British pound continue to show growth, while the U.S. dollar remains weak. Even though the administration of President Donald Trump announced on Sunday its willingness to reach a deal with China to ease the renewed trade tensions, currency traders are maintaining a cautious stance, even as early signs of stabilization appear in the U.S. stock market. Vice President J.D. Vance urged Beijing to choose a reasonable path in the escalating trade war between the world's two largest economies, stating that Trump would have more leverage if the conflict dragged on. Later, Trump issued a statement hinting at a possible compromise while simultaneously delivering a veiled threat that a full-scale trade war would harm China. "Don't worry about China — everything will be fine! The respected Chairman Xi has just been through a rough time. He doesn't want a depression for his country, and neither do I. The U.S. wants to help China, not harm it!" he wrote. Vance and Trump's statement came amid growing concern about the renewed escalation of the trade conflict, which had already disrupted global supply chains and increased volatility in financial markets earlier that year. Economists warn that further escalation could push the global economy into recession. While Vance called for restraint, Trump took a harder line. His hint at compromise was interpreted by some as a sign that he was open to negotiations, yet his warning to China suggested he was ready for a prolonged confrontation. Analysts believe that both sides are aware of the high cost of a trade war. China, in particular, could face slower economic growth and rising unemployment if exports to the U.S. decline significantly. The remarks by Trump and Vance indicate that the U.S. intends to keep pressuring China to reverse its latest trade decisions, while simultaneously trying to reassure nervous markets that a retaliatory escalation is not inevitable. The most likely scenario seems to be that both sides refrain from their most aggressive measures, leading to a further — and possibly indefinite — postponement of tariff escalation deadlines agreed upon in May. It's worth noting that the dollar wasn't the only one hit. On Friday, stocks, oil, and cryptocurrencies also saw their largest sell-off in months. On social media, Trump threatened to respond to China's new restrictions on the export of rare earth metals and other trade measures. Earlier on Sunday, China's Ministry of Commerce stated that the U.S. should stop threatening tariff increases and called for further negotiations to resolve outstanding trade issues. "Threatening high tariffs at every step is not the best way to build relations with China," the ministry said. "If the U.S. continues on its current path, China will firmly take appropriate measures to protect its legitimate rights and interests." It all began last week when China announced new export control measures. In response, an enraged Trump declared on Friday that starting November 1, the U.S. would impose 100% tariffs on Chinese goods, restrict the export of certain software from the U.S., and hinted that he might suspend aircraft component deliveries to China. As noted earlier, the foreign exchange market, particularly the U.S. dollar, reacted to all this with a decline. Current Technical Outlook for EUR/USD At present, buyers need to focus on reclaiming the 1.1630 level. Only a breakout above this mark would allow for a move toward 1.1660. From there, the pair could rise to 1.1690, although achieving this without support from major market players would be quite difficult. The farthest upward target is 1.1720. In case of a decline, I expect strong buying interest to appear near 1.1590. If no major buyers emerge there, it would be preferable to wait for a test of the 1.1545 low or consider opening long positions from 1.1510. Current Technical Outlook for GBP/USD Buyers of the pound need to take control of the nearest resistance at 1.3360. Only a breakout above this level would allow the pair to target 1.3390, above which further progress would be quite difficult. The ultimate upward target lies around 1.3425. If the pair declines, bears will likely attempt to regain control near 1.3330. If successful, a breakout below this range would seriously damage bullish positions and push GBP/USD toward the 1.3290 low, with the potential to extend losses to 1.3260. The material has been provided by InstaForex Company - www.instaforex.com

"Bull" markets don't die of old age. They die of fear. Stock markets fear recession more than anything—and the combination of a reignited U.S.–China trade war and cooling labor market is a clear path toward economic decline in the United States. It's no surprise, then, that we've just seen the worst S&P 500 sell-off since America's Liberation Day back in April. Donald Trump threatened to cancel his meeting with Xi Jinping and retaliate against China's tightening of export controls on rare earth minerals, triggering a sharp drop in the broad equity index. Even after trading closed, the U.S. president announced an increase in tariffs to 100%. Although Trump historically has a strong interest in propping up the S&P 500, he failed to prevent market panic, which materialized anyway. Dynamics of S&P 500 P/E Multiples Investor complacency and rich valuations played a cruel joke on the bulls. The mere appearance of unexpected news about a renewed U.S.–China trade war sent the broad index tumbling off a cliff. The current S&P 500 bull market has now lasted exactly three years. It began on October 12, 2022, and during that time, it produced an 88% rally and added $28 trillion in market capitalization. Of the 13 post–World War II bull markets, 7 completed the three-year mark with an 88% return. The current 13% gain in the S&P 500 over the past 12 months is double the average return seen in the third year of all previous bull markets. Wall Street veterans say they have never seen anything like it. On the buyer side, the S&P 500 has been supported by a strong economy, positive expectations for third-quarter corporate earnings, confidence in the ongoing cycle of the Federal Reserve's monetary expansion, and advancements in artificial intelligence technology. However, a survey conducted by Bloomberg MLIV PULSE found that 62% of investors believe that the costs associated with AI are not yielding satisfactory returns. Return on Artificial Intelligence Investments According to projections from Wall Street Journal analysts, the U.S. GDP is forecast to expand by 1.7% in 2025. Some specialists previously estimated that tariffs would accelerate inflation by up to 1 percentage point, but updated forecasts suggest a smaller 0.5 percentage point impact. That latter view was based on the assumption that tariff certainty would boost economic activity. But the revival of a trade war completely undermines that narrative. A weakening labor market will eventually weigh on GDP, and the cost absorption of tariffs by U.S. companies is actively eroding corporate profit margins. Optimism surrounding strong Q3 earnings might prove unfounded. All of this raises the risk of a sustained corrective move for the broader stock market. On the S&P 500 daily chart, a break of the previously identified support level at 6720 has prompted a shift toward a strategy that combines short-term selling with long-term buying. A deep sell-off marked by a wide-bodied bearish candle signals an elevated risk of further downside. For now, maintaining short positions makes sense. The material has been provided by InstaForex Company - www.instaforex.com

Trend Analysis (Fig. 1) On Monday, from the level of 1.3355 (the closing price of Friday's daily candle), the market may begin moving downward toward 1.3293 — the historical support level (light blue dashed line). When testing this level, the price may begin to rise toward 1.3323 — the lower fractal (blue dashed line). Figure 1: Daily Chart Comprehensive Analysis Indicator analysis – downward;Fibonacci levels – downward;Volumes – downward;Candlestick analysis – downward;Trend analysis – upward;Bollinger Bands – downward;Weekly chart – downward.Overall conclusion: downward trend. Alternative Scenario From the level of 1.3355 (closing price of Friday's daily candle), the price may begin moving downward toward 1.3278 — the 76.4% retracement level (yellow dashed line). When testing this level, a corrective upward movement may follow, targeting 1.3293 — the historical resistance level (light blue dashed line). The material has been provided by InstaForex Company - www.instaforex.com

Trend Analysis (Fig. 1) On Monday, from the level of 1.1621 (the closing price of Friday's daily candle), the market may begin moving downward toward 1.1593 — the 61.8% retracement level (blue dashed line). Upon reaching this level, the price may move upward toward 1.1608 — the historical resistance level (light blue dashed line). Figure 1: Daily Chart Comprehensive Analysis Indicator analysis – downward;Fibonacci levels – downward;Volumes – downward;Candlestick analysis – downward;Trend analysis – upward;Bollinger Bands – downward;Weekly chart – downward.Overall conclusion: downward trend. Alternative Scenario From the level of 1.1621 (closing price of Friday's daily candle), the price may begin moving downward toward 1.1556 — the historical support level (light blue dashed line). Upon reaching this level, the price may start to rise toward 1.1593 — the 61.8% retracement level (blue dashed line). The material has been provided by InstaForex Company - www.instaforex.com

Trend Analysis (Fig. 1)This week, from the level of 1.1621 (the closing price of the last weekly candle), the market may continue to move downward, aiming for 1.1488 — a historical support level (light blue dashed line). When testing this level, the price may bounce upward toward 1.1536 — the 38.2% retracement level (blue dashed line). Figure 1: Weekly Chart Comprehensive Analysis Indicator analysis – downward;Fibonacci levels – downward;Volumes – downward;Candlestick analysis – downward;Trend analysis – downward;Bollinger Bands – downward;Monthly chart – downward.Conclusion of comprehensive analysis: downward movement. Overall Summary for the Weekly EUR/USD Candle Throughout the week, the price is most likely to show a downward trend, with no upper shadow on the weekly black (bearish) candle (Monday — down) and a lower shadow forming by Friday (Friday — up). Alternative Scenario From the level of 1.1621 (closing price of the last weekly candle), the pair may continue its downward movement toward 1.1447 — the 50% retracement level (blue dashed line). Upon testing this level, the price may start moving upward, targeting 1.1488 — the historical support level (light blue dashed line). The material has been provided by InstaForex Company - www.instaforex.com

GBP/USD Brief Analysis: At the end of June, a trend reversal occurred on the chart of the British pound. The upward trend was replaced by a corrective bearish wave. After reaching the upper boundary of a strong support zone, quotations entered a sideways drift. Once it is fully completed, the price rise will continue. Weekly Forecast: During the coming week, the pound is expected to continue moving sideways between nearby opposing zones. After possible pressure on the support zone early in the week, a bullish trend is the most likely scenario. The rise is expected to end near the calculated resistance zone. Potential Reversal Zones Resistance: 1.3520 / 1.3570Support: 1.3240 / 1.3190Recommendations: Sales: No potential, risky.Purchases: Premature until the current decline ends and corresponding buy signals appear near support according to your trading system (TS).AUD/USD Brief Analysis: In the short term, the direction of the Australian dollar major pair has been determined by an uptrend since April 4. Over the past month, a counter-correction has been forming. Its structure does not yet appear complete. The price is approaching the upper boundary of a strong potential reversal zone on the weekly timeframe. Weekly Forecast: During the week, price movement is expected within a corridor between opposing zones. After a possible attempt to test the support zone, a reversal and change of direction can be expected. The resistance zone represents the likely upper limit of the week's price movement. Potential Reversal Zones Resistance: 0.6540 / 0.6590Support: 0.6440 / 0.6390Recommendations: Sales: Low potential, may result in losses.Purchases: Possible after confirmed reversal signals appear near the support zone according to your trading system.USD/CHF Brief Analysis: Since early April of this year, the Swiss franc's price trend has been directed by an upward wave forming as a "shifting plane." The wave's structure is gradually approaching the active growth phase of its final segment (C). The price is moving along the level of a potential daily reversal zone. Weekly Forecast: At the start of the week, continued sideways movement is expected along the boundaries of the calculated resistance zone. Closer to the weekend, conditions for renewed price decline may form. The support level represents the lower boundary of the expected weekly range. Potential Reversal Zones Resistance: 0.8090 / 0.8140Support: 0.7860 / 0.7810Recommendations: Purchases: Possible with small volume sizes during individual trading sessions.Sales: Relevant after reversal signals appear near the resistance zone.EUR/JPY Brief Analysis: Since February, price movement in the EUR/JPY pair has been driven by an upward wave. Analysis of the structure indicates an internal correction forming within the final segment (C). In recent days, quotations have been retreating from the levels of strong resistance on the higher timeframe. Weekly Forecast: During the first days of the week, a sideways trend ("flat") is the most probable scenario. A short-term decline toward the support zone is possible, followed by renewed price growth closer to the weekend. Increased volatility and trend reversal could coincide with the release of key economic data. Potential Reversal Zones Resistance: 177.80 / 178.30Support: 174.00 / 174.50Recommendations: Sales: Limited potential; high risk.Purchases: May be used for trading after confirmed reversal signals appear.AUD/JPY Analysis: Globally, the AUD/JPY pair has been moving "north" on the price chart. Since August 5, quotations have been forming a counter corrective "expanded flat." This structure remains incomplete. Since last Thursday, quotations have been declining from the boundary of a strong potential reversal zone. Forecast: In the coming days, a downward trend is highly probable. Near the support zone, a decline completion and reversal formation are expected. Toward the end of the week, a reversal and the beginning of an upward move are likely. The resistance boundary represents the probable upper limit of the pair's weekly range. Potential Reversal Zones Resistance: 100.50 / 101.00Support: 97.10 / 96.60Recommendations: Sales: Possible with small intraday volumes.Purchases: Become relevant after reversal signals appear near support.US Dollar Index Brief Analysis: Since August, the short-term trend of the US Dollar Index has been directed "south." The unfinished section of the wave is corrective. Prices are mostly moving sideways, approaching the upper boundary of a strong potential reversal zone on the weekly timeframe. Weekly Forecast: In the coming days, the index is expected to continue moving sideways with a downward bias. A breakout below the calculated support boundary is unlikely. A reversal and resumption of upward movement are probable toward the weekend. The resistance zone marks the expected upper boundary of the week's movement. Potential Reversal Zones Resistance: 98.00 / 98.20Support: 96.90 / 96.70Recommendations: The strengthening of national currencies in major pairs will allow for short-term buying opportunities in the coming days. Renewed strengthening of the US dollar—and corresponding sales of national currencies—can be considered after reversal signals appear near the support zone. Notes: In Simplified Wave Analysis (SWA), all waves consist of three parts (A–B–C). On each timeframe, the analysis focuses on the last, incomplete wave. Dotted lines represent expected movements. Attention: The wave algorithm does not take into account the time duration of price movements. The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD Analysis: Since late July of this year, an upward trend has been forming on the euro chart. From mid-September, quotes have been retreating downward from the lower boundary of a large-scale potential reversal zone. A counter-trend zigzag has formed on the chart, not exceeding the correction level. At the time of analysis, the wave structure appears complete, but there are no signals indicating an imminent trend change. Forecast: Over the coming week, the euro's sideways trend is expected to conclude. Early in the week, pressure on the support zone is likely. Toward the weekend, the probability of a reversal and renewed price growth increases. The resistance zone marks the probable upper limit for the week's movement. Potential Reversal Zones Resistance: 1.1670 / 1.1720Support: 1.1540 / 1.1490Recommendations: Sales: Low potential, may result in losses.Purchases: Possible after appropriate signals appear near the calculated support zone according to your trading system (TS).USD/JPY Analysis: Since April of this year, an upward wave has been forming on the yen chart. The wave structure has created an "ascending pennant" pattern. The unfinished segment has been in progress since October 1. The price has reached the lower boundary of a strong potential reversal zone. No signals of an imminent trend reversal are observed. Forecast: In the coming days, the general upward movement is expected to continue up to the resistance zone boundaries. After that, the price is likely to move sideways, forming a reversal and starting a downward correction. Potential Reversal Zones Resistance: 154.40 / 154.90Support: 150.00 / 149.50Recommendations: Purchases: Possible with partial volumes within individual trading sessions; potential limited by resistance.Sales: Premature before confirmed reversal signals appear near the resistance zone.GBP/JPY Analysis: For the past two months, the GBP/JPY pair chart has shown an upward bias. The current main wave began on September 11. The structure is now close to completion, but no immediate reversal signals have formed. In recent days, the price has pulled back downward from the lower boundary of the potential reversal zone. Forecast: At the start of the coming week, a decline toward the support zone is expected. After that, a sideways consolidation and subsequent rise toward the resistance zone are likely. This area coincides with a major timeframe potential reversal zone. Potential Reversal Zones Resistance: 205.30 / 205.80Support: 201.20 / 200.70Recommendations: Sales: Possible in the early part of next week with small volume sizes.Purchases: Not advisable until reversal signals appear near the support zone according to your trading system.USD/CAD Analysis: Since February of this year, USD/CAD has been forming a downward wave. The middle section of wave (B) started on June 16 and remains incomplete. The price has broken through intermediate resistance, which now serves as support. Before resuming upward movement, the pair needs to consolidate within a flat range to raise its wave level. Forecast: At the start of the week, a sideways trend with a decline toward the support zone is expected. Afterward, sideways drift is likely. A brief decline below support is not excluded. Toward the end of the week, the probability of a reversal and renewed bullish momentum increases. Potential Reversal Zones Resistance: 1.4160 / 1.4210Support: 1.3930 / 1.3880Recommendations: Purchases: Become relevant after appropriate buy signals appear near support.Sales: May be used with small intraday volumes.Bitcoin Analysis: Wave analysis of the bullish trend that has dominated since March shows that the horizontal correction is nearing completion. Its final unfinished segment began on October 6 and forms the last section of the correction. Once completed, the instrument's price is expected to resume its upward trend. Forecast: In the next couple of days, Bitcoin's downward movement is expected to continue, reaching the support zone. Prices are likely to consolidate there. Toward the end of the week, renewed growth is anticipated. Potential Reversal Zones Resistance: 118,000 / 119,000Support: 106,000 / 105,000Recommendations: Sales: Low potential, risky, may lead to losses.Purchases: Relevant after appropriate buy signals appear according to your trading system.Gold Analysis: Since May, gold has been forming the final unfinished section of its global bullish trend. After breaking another record high, prices encountered multiple overlapping potential reversal levels of varying scales. In recent days, the price has mostly moved sideways. Analysis shows the structure remains incomplete. Forecast: During the upcoming week, the overall sideways trend is expected to continue. Early in the week, a possible decline toward the support zone is likely. Afterward, a reversal and renewed upward movement are expected, possibly reaching the resistance zone. Potential Reversal Zones Resistance: 4060 / 4080Support: 3940 / 3920Recommendations: Sales: Low potential, risky.Purchases: Possible with small volumes after appropriate reversal signals appear near the support zone.Notes: In simplified wave analysis (SWA), all waves consist of three parts (A–B–C). On each timeframe, the last incomplete wave is analyzed. Dotted lines indicate expected movements. Attention: The wave algorithm does not account for the time duration of price movements. The material has been provided by InstaForex Company - www.instaforex.com

Friday's sell-off, according to many observers, was linked to Binance—one of the world's largest cryptocurrency exchanges—where most of the liquidations took place. There are many versions circulating online about why Bitcoin dropped to $101,000. One of the most compelling theories, in my view, points to issues on Binance itself. According to one report, the collateral for positions on Binance was being evaluated using its own internal order book data rather than external price oracles. When Binance announced on October 6 that it would be switching to oracle-based pricing, it gave a select group of traders enough time for a coordinated attack. During that transition period, organized actors reportedly began manipulating Binance's order book. The resulting forced liquidations triggered mass sales of BTC, ETH, and altcoins. Other exchanges, through bots and cross-market algorithms, mimicked the drop—leading to a cascade of selling across the crypto market. However, this interpretation raises several questions and requires deeper analysis. First and foremost, the claim that the order book was manipulated must be backed by credible evidence, not speculation. Specific accounts allegedly involved in the attack would need to be identified, and any unusual trading volumes or price anomalies during the timeframe should be thoroughly analyzed. Moreover, while switching to oracle-based pricing is certainly a step toward increased transparency and platform safety, it does not fully eliminate the risk of manipulation. Oracles themselves can be exploited, and delays in the information they deliver can give certain traders unfair advantages. Finally, more fundamental macroeconomic events must also be considered—such as the abrupt U.S. announcement of 100% tariffs on Chinese goods. This news sparked a sharp sell-off in global equity markets, which in turn weighed heavily on the crypto space. Trading recommendations Buyers of Bitcoin are currently aiming to reclaim the $116,300 level. A breakout here would open a clear path to $118,400, and from there to $120,600. The most distant target is the $122,400 area—breaking above this level would indicate renewed bullish momentum. In the event of further declines, buyer interest is expected around $114,200. A move below this level could send BTC quickly down to $112,800, followed by $111,200 as the next major support zone. As for Ethereum, a solid consolidation above $4,169 opens the path to $4,244. The furthest upside objective is the $4,318 level—surpassing it would confirm increased buyer interest and further reinforcement of the uptrend. If Ethereum falls lower, buyers are expected at $4,061. Dropping below this area could push ETH toward $3,942, with the most distant support around $3,827. What we see on the chart: - Red lines indicate support and resistance levels where either a price slowdown or a strong move is expected; - Green lines represent the 50-day moving average; - Blue lines represent the 100-day moving average; - Light green lines represent the 200-day moving average. Generally, a crossover or price test of these moving averages either halts market momentum or sets a new directional impulse. The material has been provided by InstaForex Company - www.instaforex.com

Following the massive crash that Bitcoin and the entire crypto market suffered over the weekend, the Fear & Greed Index has been pushed down to its lowest level in the last six months. This index, which measures the market sentiment and shows on a scale how investors are feeling about the crypto market, has now fallen back into the Extreme Fear territory. The number on the scale now shows the lowest level it has been since the market crash back in April 2025. Bitcoin Fear & Greed Index Sees Major Crash The Bitcoin Fear & Greed Index uses a number of factors to determine how investors are feeling about the market. It takes into account things like volatility, social sentiment aggregated across different social media platforms, market volume and momentum, and market dominance to come to a figure. The data is aggregated, which puts it on a scale of 1-100, with 1-25 being Extreme Fear, 26-46 being Fear, 47-54 being Neutral, 55-75 representing Greed, and 76-100 representing Extreme Greed. Each of these shows either bullishness, bearishness, or nonchalance in the market. The most recent data shows that the Bitcoin Fear & Greed Index crashed to 24 on Sunday. This puts the index firmly in Extreme Fear territory, suggesting that investors are extremely cautious at this point. It also shows a reluctance to enter into any positions at this time. This is the result of the massive liquidation event that happened last Friday, with crypto traders losing over $19 billion in one day. Thus, it is no surprise that fear has gripped the market. However, this would also present a unique opportunity in the market. Buy When The Market Is Bleeding One of the oldest sayings in the financial world is to “buy when there is blood on the streets.” This represents times of extreme losses, where most investors are scared to put their money in the market. Thus, with the market teetering on Extreme Fear, it could be the time to buy. The last time that the market declined into Extreme Fear this low was back in April 2025, and what followed was a rally that saw the Bitcoin price reach new all-time highs in May 2025. If this trend holds, then the market could be looking at a possible rapid increase. By Sunday, the market was already recovering, with the Bitcoin price crossing $114,000 and Ethereum making its way back above $4,000. It is still quite early to tell if the market is in a full recovery trend, but with prices already bouncing, it could signal the next wave of gains.

US stock indexes closed the New York session on Friday with their biggest plunge in a year. The S&P 500 fell by 2.71%, while the Nasdaq 100 sank by 3.56%. The Dow Jones Industrial Average lost 1.90%. During today's Asian trading session, futures on US stock indexes edged higher after President Donald Trump signaled readiness to strike a deal with China, which improved market sentiment following the shock from a sharp escalation in trade tensions. Futures on the S&P 500 rose by 1.3%, and Nasdaq 100 contracts gained 1.8% after the administration softened its rhetoric following Trump's threat to impose 100% tariffs on China in response to Chinese export control measures. US Treasury bond futures fell, and oil climbed by 1.5%. Silver hit its highest level in decades, while gold continued its upward trend. Last Friday's market crash was triggered by the Trump administration's announcement that it was ready to impose 100% tariffs on China in retaliation for Beijing's export control measures. The announcement came like a bolt from the blue, sparking a panic sell-off across all major stock indexes, from Wall Street to the Tokyo Stock Exchange. Investors, shocked by the renewed prospect of a full-scale trade war, rushed to dump risk assets, with a massive flight to "safe havens" ensuing. The consequences of the crash were swift. The US dollar plunged as capital fled the country, while oil prices collapsed amid fears of a global economic slowdown. Gold, on the other hand, soared, reaffirming its status as a reliable safe haven in times of uncertainty. Recently, sharp declines in risk assets have been rare, which in itself may have contributed to the strong market reaction to the escalation in trade tensions. After the tariff-driven drop in April, the S&P 500 had rebounded sharply on optimism around artificial intelligence and hopes for a Federal Reserve rate cut. In response to Trump's actions, China stated that the US must stop threatening to raise tariffs and called for further negotiations to resolve unresolved trade issues. Beijing also emphasized that it would not hesitate to take retaliatory measures if Washington continued to act against China. Just yesterday, the US administration indicated that it is open to reaching a deal with China, while Trump hinted at a possible refusal by Xi Jinping to continue negotiations, simultaneously issuing a veiled threat that a full-scale trade war would harm China. This suggests that the US intends to step up pressure on China to reverse its recent trade decisions, while also trying to reassure jittery markets that further escalation is not inevitable. As for the technical picture of the S&P 500, the main task for buyers today will be to break through the nearest resistance at 6,648. Achieving this would allow for further gains and open the path to a push toward the next level at 6,660. An equally important objective for the bulls is to maintain control above 6,672, which would strengthen their position. In case of a downward move amid weakening risk appetite, buyers must step in around the 6,638 area. A break below this level would quickly push the instrument down to 6,630 and open the road to 6,616. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin plummeted to $101,000, later stabilizing near $112,000. It is currently trading at $115,000, opening a real opportunity for recovery above $116,000. Ethereum has reclaimed nearly 80% of its losses from the end of last week. According to data, the crypto market crash led to a record $19 billion in liquidated long positions. Many market participants connect the sudden drop in Bitcoin and altcoins to potential new aggressive tariffs from U.S. President Donald Trump aimed at China. A combination of factors—leverage, automatic sell triggers, and lack of liquidity during off-market hours—contributed to the rapid reduction in positions. This event marks the largest single-day sell-off in the market's history. Now, traders are trying to identify which major player was flushed out. Data from CoinGlass confirmed more than 1.6 million traders were liquidated. So far, no major whale investor has officially admitted to being wiped out. In the cryptocurrency market, margin calls do not work the same way as on traditional exchanges: when collateral falls, algorithms sell automatically. As a result, a system designed to run 24/7 can work against the market, and sharp volatility leads to rapid acceleration in losses. Since Trump made his announcement during a U.S. holiday weekend, there was a lack of active participants in the market, intensifying the crash. These issues became especially apparent on the Hyperliquid exchange. While its trading volume is smaller than Binance, Hyperliquid's USD trading volume hit $10 billion during the panic. Many have also blamed the crash on the automatic deleveraging (ADL) system, which liquidates severely leveraged positions automatically when liquidation volumes exceed what available insurance can cover. Exchanges use ADL as a safeguard during extreme volatility to protect the broader system from cascading losses. In any case, the market is now partially recovering from the sell-off, and soon, most will have forgotten about it. As for intraday strategy in the crypto market, I will continue to respond to major dips in Bitcoin and Ethereum, expecting the medium-term bull market—which remains intact—to reassert itself. Below are the conditions and strategies for short-term trading. BitcoinBuy ScenarioScenario 1: I plan to buy Bitcoin today upon reaching the entry point near $115,300, with a target of rising to $116,800. Around $116,800, I will close the long position and immediately sell on the expected pullback.Before buying on a breakout, make sure the 50-day moving average is below the current price and the Awesome Oscillator is above zero.Scenario 2: Buying is also possible from the lower boundary of $114,300, provided there is no breakout and a return toward $115,300 and $116,800.Sell ScenarioScenario 1: I plan to sell Bitcoin today at the $114,300 entry point, targeting a fall to $113,000. Around $113,000, I will exit shorts and buy on rebound.Before selling on a breakout, make sure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.Scenario 2: I can also sell from the upper boundary at $115,300 if there is no follow-through after a breakout, targeting a return to $114,300 and then $113,000. EthereumBuy ScenarioScenario 1: I will buy Ethereum today upon reaching the entry point near $4172, with a target of rising to $4283. Around $4283, I will take profit and open short positions on the pullback.Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in positive territory.Scenario 2: Alternatively, I will buy from the lower boundary of $4114 if no breakout occurs, with a rebound back toward $4172 and $4283.Sell ScenarioScenario 1: I plan to sell Ethereum today after reaching the $4114 entry point, targeting a decline to $3992. Around $3992, I will exit sales and open long positions on the rebound.Before selling on a breakout, make sure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.Scenario 2: I can also sell from the upper boundary at $4172 if no follow-through occurs after a breakout, with expected return to $4114 and $3992.The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and USD/JPY Trading TipsA test of the 152.52 level occurred when the MACD indicator began moving downward from the zero line, confirming a valid entry point for selling the dollar, which resulted in an 80-pip drop in the pair. The Japanese yen surged sharply, while the dollar declined after Donald Trump announced he is once again considering 100% tariffs on Chinese goods. This sudden spike in the yen—traditionally regarded as a "safe haven" currency—visibly reflected the fear that gripped global markets in response to the president's unexpected announcement. Investors, fearing another wave of global economic turbulence, rushed to seek safe refuge. The yen, due to its reputation for stability and low volatility, became one of the preferred choices. The sharp decline in the dollar underscored the vulnerability of the U.S. economy in the face of a potential trade war. The threat of 100% tariffs on Chinese goods not only harms the competitiveness of U.S. companies but also invites retaliatory measures from Beijing that could severely impact American export industries. The situation is further complicated by the unpredictability of Trump's announcements, which often stem from political maneuvering rather than sound economic rationale. This adds an extra layer of difficulty for investors and businesses forced to strategize amid total uncertainty. The main question now is whether world leaders will be able to contain the trade tensions or whether we're on the threshold of a new era dominated by protectionism and economic chaos. As for today's intraday strategy, I will focus primarily on implementing scenarios №1 and №2. Buy ScenariosScenario №1: I plan to buy USD/JPY today upon reaching the entry point around 152.04 (thin green line on the chart), with a target of rising to 152.56 (thicker green line on the chart). At 152.56, I intend to close long positions and open short positions in the opposite direction, targeting a 30–35 pip correction from the level. It's best to approach buying on corrections and significant pullbacks in USD/JPY.Important: Before opening a buy trade, ensure the MACD indicator is above the zero line and has just begun rising from it.Scenario №2: I also plan to buy USD/JPY today if there are two consecutive tests of the 151.77 level, while the MACD indicator is in the oversold zone. This would limit the downside potential and could lead to an upward reversal. The expected targets would then be 152.04 and 152.56.Sell ScenariosScenario №1: I plan to sell USD/JPY today only after a confirmed break below the 151.77 level (thin red line on the chart), which could trigger a rapid decline in the pair. The key target for sellers will be the 151.41 level, where I intend to exit short positions and immediately open long positions in the opposite direction, expecting a 20–25 pip correction from the level.Important: Before opening a sell trade, ensure the MACD indicator is below the zero line and has just started declining from it.Scenario №2: I also plan to sell USD/JPY today in case of two consecutive tests of the 152.04 level, while the MACD indicator is in the overbought zone. This would restrict the bullish potential and could result in a reversal downward. The expected downside targets in this case would be 151.77 and 151.41. What's on the Chart:Thin green line – entry price level for buying the trading instrumentThick green line – approximate level for placing Take Profit or manually locking in gains, as a further rise above this level is unlikelyThin red line – entry price level for selling the trading instrumentThick red line – approximate level for placing Take Profit or manually locking in gains, as further decline beyond this point is unlikelyMACD indicator – when entering the market, be guided by its position in the overbought or oversold zonesImportant: Beginner forex traders should be extremely cautious with entry decisions. Before major fundamental reports, it's best to remain out of the market to avoid exposure to abrupt price swings. If you do decide to trade during high-impact events, always place stop-loss orders to minimize losses. Without them, your account balance can deplete quickly, especially if you neglect proper money management and trade large volumes. And remember, successful trading requires a clear plan—like the one presented above. Spontaneous decision-making based solely on the current market situation is an inherently losing strategy for intraday traders. The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and GBP/USD Trading TipsA test of the 1.3310 level occurred at a moment when the MACD indicator had already moved significantly above the zero line, which limited the pair's upward potential. The British pound rose sharply, while the U.S. dollar declined following Donald Trump's renewed consideration of implementing 100% tariffs against China. Waves of panic swept through financial markets, forcing investors to hastily reassess their strategies. Trump's statements, as unexpected as a bolt from the blue, immediately drove the dollar down, exposing its vulnerability in the face of geopolitical uncertainty. The British currency—seemingly unaffected directly by the U.S.–China conflict—capitalized on the situation and demonstrated unexpected resilience. However, the optimism observed in currency markets may be short-lived. Further escalation of the trade war between the U.S. and China may have unpredictable consequences for the global economy, including the United Kingdom. No economic reports are expected from the U.K. today, which makes the speech by Megan Greene particularly important. Her remarks on inflation risks, economic growth prospects, and the potential for further interest rate increases could influence both the short-term dynamics of the pound and broader market sentiment. Investors and analysts will be closely watching for any signs pointing to the Bank of England's intentions regarding monetary policy. As for the intraday strategy, I will rely primarily on scenarios №1 and №2. Buy ScenariosScenario 1: I plan to buy the pound today upon reaching the entry point near 1.3362 (thin green line on the chart), targeting a rise to 1.3401 (thicker green line on the chart). Around 1.3401, I plan to close long positions and open shorts in the opposite direction, aiming for a 30–35 pip retracement. This setup plays off continuation from Friday's upward trend.Important: Before entering a buy trade, ensure that the MACD indicator is above the zero line and has just begun rising from it.Scenario 2: I also plan to buy the pound today in case of two consecutive tests of the 1.3341 level, provided the MACD indicator is in oversold territory. This setup would limit the pair's downside potential and lead to an upward reversal toward 1.3362 and 1.3401.Sell ScenariosScenario 1: I plan to sell the pound today after a break below the 1.3341 level (thin red line on the chart), which would likely result in strong downward momentum. The key target for sellers will be the 1.3309 level, where I plan to take profit and open new long positions in the opposite direction, aiming for a 20–25 pip retracement. Pound sellers will take advantage of any opportunity to extend losses.Important: Before selling, make sure the MACD indicator is below the zero line and has just begun declining from it.Scenario 2: I also plan to sell the pound today in case of two consecutive tests of the 1.3362 level, while the MACD is in the overbought zone. This scenario would limit the pair's upward potential and lead to a reversal toward 1.3341 and 1.3309. What's on the Chart:Thin green line – entry price level for buying the trading instrumentThick green line – approximate level for placing Take Profit or manually locking in gains, as a further rise above this level is unlikelyThin red line – entry price level for selling the trading instrumentThick red line – approximate level for placing Take Profit or manually locking in gains, as further decline beyond this point is unlikelyMACD indicator – when entering the market, be guided by its position in the overbought or oversold zonesImportant: Beginner forex traders should be extremely cautious with entry decisions. Before major fundamental reports, it's best to remain out of the market to avoid exposure to abrupt price swings. If you do decide to trade during high-impact events, always place stop-loss orders to minimize losses. Without them, your account balance can deplete quickly, especially if you neglect proper money management and trade large volumes. And remember, successful trading requires a clear plan—like the one presented above. Spontaneous decision-making based solely on the current market situation is an inherently losing strategy for intraday traders. The material has been provided by InstaForex Company - www.instaforex.com

Trade Analysis and EUR/USD Trading TipsA test of the 1.1595 level occurred when the MACD indicator had just begun rising from the zero line, confirming a valid entry point for buying the euro. As a result, the pair moved up toward the target level of 1.1619. News of declining inflation expectations in the U.S. exerted pressure on the dollar. Fresh data pointing to expected slower consumer price growth over the coming months led traders to revise their outlooks regarding the Federal Reserve's future monetary policy. The probability of a rate cut during the October FOMC meeting remains relatively high. A swift reaction also followed after Trump announced potential 100% tariffs on all Chinese goods. The U.S. dollar dropped sharply as investors, troubled by the unpredictability of the trade confrontation, rushed to shift capital into safer currencies and precious metals. The effects of these developments extend beyond the financial sector. Representatives of U.S. industry, dependent on Chinese components and raw materials, expressed concerns about a significant increase in production costs. Consumers, in turn, may again face rising prices for a wide range of Chinese-imported goods. The future direction of the market will depend on how quickly U.S. and Chinese authorities can de-escalate the conflict. This morning, unfortunately, the only macroeconomic report is Germany's Producer Price Index. No other important reports are expected today. Monitoring the dynamics of Germany's wholesale price index is crucial for assessing several processes, including inflation trends. A moderate increase in this figure could indicate potential deflation risks, which may lead the European Central Bank to consider further stimulus measures. Moreover, the lack of significant economic data may shift investor focus toward alternative drivers, the primary one currently being the trade conflict. As for the intraday strategy, I will focus mainly on implementing Scenarios 1 and 2. Buy ScenariosScenario 1: I plan to buy the euro today upon reaching the 1.1626 level (thin green line on the chart), targeting a rise toward 1.1655. At 1.1655, I intend to close the position and open a sell trade in the opposite direction, aiming for a 30–35 pip pullback from the entry point. This move would be in the context of a correction.Important: Before buying, make sure the MACD indicator is above the zero line and has just begun rising from it.Scenario 2: I also plan to buy the euro if the price tests the 1.1611 level twice consecutively while the MACD is in the oversold zone. This setup would limit the pair's downside potential and lead to a reversal, with expected targets at 1.1626 and 1.1655.Sell ScenariosScenario 1: I plan to sell the euro after the price reaches the 1.1611 level (thin red line on the chart). The target in this case will be 1.1590, where I intend to exit the trade and place a buy order for a rebound in the opposite direction (targeting a 20–25 pip move).Important: Before selling, make sure the MACD indicator is below the zero line and has just begun declining from it.Scenario 2: I also plan to sell the euro today if the price tests 1.1626 twice consecutively while the MACD is in the overbought zone. This setup would limit the upward potential and lead to a downward reversal, with expected targets at 1.1611 and 1.1590. What's on the Chart:Thin green line – entry price level for buying the trading instrumentThick green line – approximate level for placing Take Profit or manually locking in gains, as a further rise above this level is unlikelyThin red line – entry price level for selling the trading instrumentThick red line – approximate level for placing Take Profit or manually locking in gains, as further decline beyond this point is unlikelyMACD indicator – when entering the market, be guided by its position in the overbought or oversold zonesImportant: Beginner forex traders should be extremely cautious with entry decisions. Before major fundamental reports, it's best to remain out of the market to avoid exposure to abrupt price swings. If you do decide to trade during high-impact events, always place stop-loss orders to minimize losses. Without them, your account balance can deplete quickly, especially if you neglect proper money management and trade large volumes. And remember, successful trading requires a clear plan—like the one presented above. Spontaneous decision-making based solely on the current market situation is an inherently losing strategy for intraday traders. The material has been provided by InstaForex Company - www.instaforex.com

What to Know: GameFi reached 1M daily users in Q1 2025 and is expected to grow 5x through 2032 Tapzi leverages skill-based games, making it one of the top GameFi crypto projects to watch now. $TAPZI is currently available for just $0.0035 in presale, with a planned launch price of $0.01, indicating serious returns even before the TGE and exchange listings. Web3 gaming is now one of the fastest-growing crypto sectors. Boasting over 1M users globally in Q1, 2025, it’s predicted to grow in value from $25B in 2024 to nearly $125B by 2032. Thanks to verifiable ownership of assets and strong incentive loops, the sector is attracting gamers from every corner of the world. However, not many GameFi projects have fully leveraged these new blockchain capabilities, instead relying on chance mechanics rather than skill-based gameplay. Most fail to retain gamers in the long run, as they get distracted by speculative trading. But a gaming economy can’t survive without gamers, underscoring the importance of strong gameplay. That’s exactly why Tapzi could be the next crypto to explode. Early backers are stocking up on the project’s native crypto $TAPZI in its hot presale before the prices surge – and here’s why. Tapzi Brings Skill to Bear The project steps into the fertile GameFi niche with a razor-sharp plan. Unlike typical GameFi platforms built on chance, passive mechanics, or hype-driven tokens, Tapzi delivers a player-centric ecosystem where active participation and smart gameplay directly drive real earnings and token growth. Here, the focus is on creating a GameFi ecosystem that keep players coming back for more. The arcade will offer games like Chess, Checkers, Rock-Paper-Scissors, and Tic-Tac-Toe, where victory depends on skill more than luck. Players can stake $TAPZI tokens to compete and unlock rewards as they get better at the game. Projects that can sustain organic demand and expand their user base over time are the best bets in a maturing market. Why Tapzi Could Explode Next Tapzi’s gaming arcade is designed not just for Web3 gamers, but also for traditional gamers. To attract them, the project lowers both technical and financial entry barriers, particularly when it comes to setting up a crypto wallet and transferring tokenized assets. Tapzi offers a free, gasless practice mode open to all. Players can switch to the paid mode at any time. The paid mode runs on BNB Chain for cheap, fast gameplay. Top players earn attractive token rewards with real-world value. $TAPZI powers all rewards and transactions across the ecosystem. Visit the Tapzi website for a closer look at the gameplay. Another factor that strengthens Tapzi’s long-term outlook is its bid to expand skill-based gameplay in the GameFi market. The project will offer SDKs and exposure to like-minded developers, building a skill-based gaming hub. Next is the roadmap, which focuses on gradual, phased infrastructure development. The demo web beta will go live this quarter. Multiplayer engines with sample games, a staking preview, and matchmaking features will then follow. NFT avatars, cosmetic stores and rarity system, analytics dashboard, and multilingual support will be integrated in later phases. Global gaming tournaments will be held regularly to acquire users worldwide. Large-scale user acquisition campaigns are also coming, with 10% of the token supply allocated each for marketing and airdrops. But even tokens backed by utility-rich, promising projects aren’t immune to early-stage dumps. Tapzi has implemented a strong vesting schedule to prevent this: Only 25% of the presale tokens unlock at TGE, 75% vest over three months to cushion sudden supply shocks. In addition, team tokens are locked for six months and vested over 18 months. This ensures the team’s commitment to timely project development. How to Buy $TAPZI Early and Cheap Now is the right time to buy $TAPZI at early-bird prices. The token is available for purchase at fixed, discounted prices in its presale, which supports payments in cryptocurrencies and fiat cards. $TAPZI is currently available for just $0.0035, but the planned launch price is $0.01, leaving plenty of room for returns even before the TGE and exchange launches. But the post-launch rally could take the token even higher, with key development milestones scheduled for this quarter. As one of the top GameFi coins to enter the market, it wouldn’t be surprising to see $TAPZI climb the top crypto charts. But keep in mind: The price increases with each new stage, with the presale sell-out date approaching fast. Make the most of the GameFi mania – Get into the $TAPZI presale before the next price hike. As always, do your own research before investing in crypto. This is not financial advice. Authored by Bogdan Patru – NewsBTC https://www.newsbtc.com/news/gamefi-mania-why-tapzi-is-the-next-crypto-to-explode/

Solana started a fresh increase above the $180 zone. SOL price is now consolidating above $185 and might aim for more gains above the $200 zone. SOL price started a fresh upward move above the $175 and $180 levels against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $188 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $200 resistance zone. Solana Price Eyes More Gains Solana price started a decent increase after it found support near the $155 zone, beating Bitcoin and Ethereum. SOL climbed above the $172 level to enter a short-term positive zone. The price even smashed the $180 resistance. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $225 swing high to the $155 low. Besides, there is a bullish trend line forming with support at $188 on the hourly chart of the SOL/USD pair. Solana is now trading below $200 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $198 level and the 61.8% Fib retracement level of the downward move from the $225 swing high to the $155 low. The next major resistance is near the $200 level. The main resistance could be $205. A successful close above the $205 resistance zone could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $220 level. Another Decline In SOL? If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $190 zone and the trend line. The first major support is near the $182 level. A break below the $182 level might send the price toward the $175 support zone. If there is a close below the $175 support, the price could decline toward the $160 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $188 and $182. Major Resistance Levels – $198 and $200.

Macroeconomic Data Overview: There are no macroeconomic releases scheduled for Monday. As a result, we are likely to see a typical "quiet Monday" with low volatility and no intraday trend movement. However, we remind you that on Friday, Donald Trump announced a new round of 100% tariffs on all Chinese imports, and traders had very little time to price in this event. Therefore, today the U.S. dollar may continue to weaken. Fundamental Events Overview: Two fundamental events are scheduled for today: In the United States: a speech by Federal Reserve Monetary Policy Committee member Lawrence PaulsonIn the Eurozone: a speech by European Central Bank representative Claudia BuchHowever, it's important to keep in mind that last week Jerome Powell already addressed the market and made it clear to traders: The Fed will continue to make decisions based on macroeconomic data, and another interest rate cut is not guaranteed. Previously, Powell expressed the same rhetoric. He does not rule out two rate cuts before the end of the year, but he does not promise them either. How the Fed will decide at the end of October—especially if the government shutdown is still in effect—remains unknown, as no key reports on inflation, unemployment, or labor market conditions have been released. As for the ECB, there is no uncertainty whatsoever. Christine Lagarde has spoken five or six times over the past two weeks, clearly stating that any adjustments to monetary policy should not be expected in the near future. Therefore, there is no intrigue whatsoever in today's speeches by central bank officials from either side. General Conclusions:On the first trading day of the week, both currency pairs may continue to trade chaotically and illogically. So far, we have mostly seen a decline in both EUR/USD and GBP/USD, with no solid explanations. However, Trump once again steps in. Today, the euro may continue pushing higher toward 1.1655–1.1666, and the British pound toward 1.3413–1.3421. Basic Rules of the Trading System:Signal strength is determined by how quickly it forms (bounce or breakout). The less time required, the stronger the signal.If two or more false signals appear near the same level, subsequent signals from that level should be ignored.In a flat market, any pair can generate many false signals—or none at all. At the first signs of flat, consider suspending trading.Trades should be opened during the European session and held until mid-U.S. session. After that, all positions should be closed manually.On the hourly timeframe, MACD signals should only be used when good volatility and a trend are confirmed by a trendline or trend channel.If two levels are too close together (5–20 pips apart), treat them as a single support or resistance zone.After the price moves 15-20 pips in the right direction, move the Stop Loss to breakeven.What's on the Charts:Support and resistance levels – targets for opening long or short trades. Take Profit points can be set near these levels.Red lines – trendlines or channels indicating the current trend and directional bias.MACD Indicator (14,22,3) – histogram and signal line used as a supplementary signal source.Important speeches and economic releases (always listed in the news calendar) can significantly impact currency movement. Traders should be especially cautious or exit positions before such events to avoid sudden price reversals. Beginner traders in the forex market must remember: not every trade will be profitable. Developing a clear strategy and applying sound money management principles are keys to long-term success in trading. The material has been provided by InstaForex Company - www.instaforex.com

Friday's Trade Review: 1H Chart of the GBP/USD Pair The GBP/USD pair also showed signs of recovery on Friday, although in the first half of the session, it once again attempted to resume its decline and failed to break through the descending trendline. Therefore, the downtrend remains in effect for now, even though it is entirely illogical. The rise of the dollar should have come to an end a week ago. Even then, there were more than enough reasons for the U.S. currency to resume falling. Over the past week, those reasons have only multiplied, especially after Donald Trump initiated a new round of trade war escalation with China—a key reason for the dollar's collapse earlier this year. Even central bank monetary policy had taken a back seat to geopolitical risks. Meanwhile, the U.S. is in the midst of a government shutdown, and the Federal Reserve is expected to continue cutting rates, unlike the European Central Bank or the Bank of England. As such, there is currently no justification for expecting the dollar to strengthen further. 5M Chart of the GBP/USD Pair In the 5-minute time frame, a strong buy signal was formed during the European session on Friday. The price bounced with precision from the 1.3259 level and then gained 80–90 pips, consolidating above the 1.3329–1.3331 zone. By Friday evening, novice traders had the opportunity to close their trades with a solid profit. Today, a bounce from the 1.3329–1.3331 zone is another reason to look for long entries. How to Trade on Monday:On the hourly timeframe, GBP/USD continues to form a downward trend. As mentioned previously, there are no strong reasons to expect prolonged dollar strength. In the medium term, we continue to expect an upward movement. That said, the market is currently in a very strange state. The pound is falling, but without any clear justification. While technical strategies on lower timeframes remain applicable, current price behavior appears illogical across all timeframes. On Monday, the GBP/USD pair may continue its upward movement, as the 1.3329–1.3331 zone was breached on Friday. A bounce from this area opens the door for long positions with a target at 1.3413–1.3421. Failure to hold above this zone would make short positions relevant, with a target at 1.3259. On the 5-minute timeframe, the following levels can be used for trading: 1.3102–1.3107, 1.3203–1.3211, 1.3259, 1.3329–1.3331, 1.3413–1.3421, 1.3466–1.3475, 1.3529–1.3543, 1.3574–1.3590, 1.3643–1.3652, 1.3682, 1.3763. No critical or noteworthy events/reports are scheduled in the U.K. or U.S. on Monday, so today's volatility may remain low. Basic Rules of the Trading System:Signal strength is determined by how quickly it forms (bounce or breakout). The less time required, the stronger the signal.If two or more false signals appear near the same level, subsequent signals from that level should be ignored.In a flat market, any pair can generate many false signals—or none at all. At the first signs of flat, consider suspending trading.Trades should be opened during the European session and held until mid-U.S. session. After that, all positions should be closed manually.On the hourly timeframe, MACD signals should only be used when good volatility and a trend are confirmed by a trendline or trend channel.If two levels are too close together (5–20 pips apart), treat them as a single support or resistance zone.After the price moves 20 pips in the right direction, move the Stop Loss to breakeven.What's on the Charts:Support and resistance levels – targets for opening long or short trades. Take Profit points can be set near these levels.Red lines – trendlines or channels indicating the current trend and directional bias.MACD Indicator (14,22,3) – histogram and signal line used as a supplementary signal source.Important speeches and economic releases (always listed in the news calendar) can significantly impact currency movement. Traders should be especially cautious or exit positions before such events to avoid sudden price reversals. Beginner traders in the forex market must remember: not every trade will be profitable. Developing a clear strategy and applying sound money management principles are keys to long-term success in trading. The material has been provided by InstaForex Company - www.instaforex.com

Friday's Trade Review:1H Chart of the EUR/USD Pair On Friday, the EUR/USD currency pair began a new leg of upward correction within the broader downward trend. In simpler terms, the recent decline of the euro over the past several weeks is either part of a larger correction or simply a phase of sideways consolidation on higher timeframes. As mentioned previously, the current drop in the euro is illogical. A continuous stream of U.S. news has been pushing traders toward only one action—selling the dollar. Yet on the daily timeframe, in conditions of a flat market, price movement in either direction doesn't require macroeconomic or fundamental reasoning. The key question is: when will the flat end? The primary goal for traders right now is to be ready for a possible resumption of the uptrend and to recognize that the fall in the euro is entirely against the grain—unsupported by fundamentals or macro data. On Friday, the only economic release was the University of Michigan Consumer Sentiment Index, which beat expectations—but the dollar was already falling that day. There is no clear logic in the current movements. 5M Chart of the EUR/USD Pair On the 5-minute timeframe, most of Friday's session was spent in sideways movement between the 1.1571–1.1584 range. When Trump announced new tariffs on China, the U.S. dollar came under pressure; however, the sell-off was short-lived. Novice traders might have opened long positions, which—given the Stop Loss was moved to breakeven—could have been left open until Monday. We expect continued growth in the pair. How to Trade on Monday:On the hourly timeframe, EUR/USD has punctured the trendline multiple times but resumed its decline for unclear reasons. We view the current movement as entirely illogical. The overall fundamental and macroeconomic backdrop remains highly unfavorable for the U.S. dollar, and we do not expect any sustained appreciation of the greenback. From our point of view, just like before, the dollar can only count on technical corrections—one of which we are observing now. On Monday, EUR/USD may move in either direction. There is little logic and a great deal of uncertainty in the market right now. A correction is likely to continue after the prolonged decline, especially following Trump's announcement of new tariffs. Therefore, we expect another wave of growth, at least toward the 1.1655–1.1666 area. On the 5-minute timeframe, the following levels should be monitored: 1.1354–1.1363, 1.1413, 1.1455–1.1474, 1.1527, 1.1571–1.1584, 1.1655–1.1666, 1.1745–1.1754, 1.1808, 1.1851, 1.1908, 1.1970–1.1988. No significant events are scheduled in either the U.S. or the Eurozone on Monday, which means volatility may be limited. Basic Rules of the Trading System:Signal strength is determined by how quickly it forms (bounce or breakout). The less time required, the stronger the signal.If two or more false signals appear near the same level, subsequent signals from that level should be ignored.In a flat market, any pair can generate many false signals—or none at all. At the first signs of flat, consider suspending trading.Trades should be opened during the European session and held until mid-U.S. session. After that, all positions should be closed manually.On the hourly timeframe, MACD signals should only be used when good volatility and a trend are confirmed by a trendline or trend channel.If two levels are too close together (5–20 pips apart), treat them as a single support or resistance zone.After the price moves 15 pips in the right direction, move the Stop Loss to breakeven.What's on the Charts:Support and resistance levels – targets for opening long or short trades. Take Profit points can be set near these levels.Red lines – trendlines or channels indicating the current trend and directional bias.MACD Indicator (14,22,3) – histogram and signal line used as a supplementary signal source.Important speeches and economic releases (always listed in the news calendar) can significantly impact currency movement. Traders should be especially cautious or exit positions before such events to avoid sudden price reversals. Beginner traders in the forex market must remember: not every trade will be profitable. Developing a clear strategy and applying sound money management principles are keys to long-term success in trading. The material has been provided by InstaForex Company - www.instaforex.com

[Gold] – [Monday, October 13, 2025] With all technical indicators currently signaling strength for gold, then there is potential for further gains today as long as there is no new bearish information appears to weaken the gold. Key Levels: 1. Resistance. 2 : 4071.45 2. Resistance. 1 : 4044.62 3. Pivot : 3966.60 4. Support. 1 : 3968.77 5. Support. 2 : 3919.75 Tactical Scenario: Positive Reaction Zone: If gold breaks and closes above 3966.60, there is potential to test the 4044.62 level. Momentum Extension Bias: If 4044.62 is successfully breached and closes above it, gold may extend its upward move toward 4071.45. Level Invalidation / Bias Revision The upside bias weakens if gold declines and breaks and closes below 3919.75. Technical Summary: EMA(50) : 4013.73 EMA(200): 3988.82 RSI(14) : 66.07 Economic News Release Agenda: There are no scheduled economic data releases from the United States today. The material has been provided by InstaForex Company - www.instaforex.com

[Silver] – [Monday, October 13, 2025] Although the RSI remains in the Neutral-Bullish territory and both EMAs continue to show a Golden Cross formation, but the appearance of a Bearish Divergence between the RSI and Silver's price signals a potential near-term weakening. Key Levels: 1. Resistance. 2 : 52.278 2. Resistance. 1 : 51.177 3. Pivot : 49.963 4. Support. 1 : 48.862 5. Support. 2 : 47.648 Tactical Scenario: Pressure Zone: If silver breaks and closes below 49.963, it may continue weakening toward 48.862. Momentum Extension Bias: If 48.862 is breached and closes below, silver could test the next support at 47.648. Level Invalidation / Bias Revision The downside bias is neutralized if silver breaks through and closes above 52.278. Technical Summary: EMA(50) : 50.176 EMA(200): 49.233 RSI(14) : 66.04 Economic News Release Agenda: There are no scheduled economic data releases from the United States today. The material has been provided by InstaForex Company - www.instaforex.com

XRP price started a fresh increase above $2.250. The price is now showing positive signs but faces a major hurdle near the $2.60 level. XRP price is attempting a recovery wave above the $2.50 zone. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.660 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh decline if it settles below $2.70. XRP Price Starts Recovery XRP price found support and started a strong recovery wave above $2.0, like Bitcoin and Ethereum. The price was able to climb above the $2.20 and $2.25 levels to enter a positive zone. There was a decent increase above the 61.8% Fib retracement level of the downward move from the $3.05 swing high to the $1.40 swing low. However, the price could face hurdles near $2.60. There is also a key bearish trend line forming with resistance at $2.660 on the hourly chart of the XRP/USD pair. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.60 level. The first major resistance is near the $2.660 level and the trend line. It is close to the 76.4% Fib retracement level of the downward move from the $3.05 swing high to the $1.40 swing low. A clear move above the $2.660 resistance might send the price toward the $2.70 resistance. Any more gains might send the price toward the $2.720 resistance. The next major hurdle for the bulls might be near $2.80. Another Decline? If XRP fails to clear the $2.60 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.450 level. The next major support is near the $2.40 level. If there is a downside break and a close below the $2.40 level, the price might continue to decline toward $2.320. The next major support sits near the $2.30 zone, below which the price could continue lower toward $2.250. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.450 and $2.40. Major Resistance Levels – $2.60 and $2.660.

Friday's statement by U.S. President Donald Trump on imposing a 100% tariff on all categories of Chinese goods triggered a sharp sell-off in cryptocurrency and equity markets. The total capitalization of the crypto market—comprising 9,510 coins—fell by 6.16% on the day, with another similar drop over the weekend. Combined, this amounted to a 13.5% decline at its lowest point. By Monday morning, the market had recovered about half of those losses. The S&P 500 stock index dropped by 2.71%. The yield on 5-year U.S. Treasury bonds declined from 3.76% to 3.64%. It's somewhat surprising, then, that the euro gained 57 pips during Friday's session. The Australian dollar, by contrast, fell nearly 80 pips on the same day. We believe that Friday's panic was contained, which preserves the possibility of further recovery across financial markets. A notable observation is that trading volume on Friday in the euro was not particularly high—it was comparable to that of October 6. On the daily timeframe, the price has returned above the target level of 1.1605. If it manages to break above the MACD line at 1.1675, the level at 1.1779 could be tested again. The Marlin oscillator, currently in the downward trend zone, is attempting to enter bullish territory. Visually, this transition may occur simultaneously with a breakout above 1.1675. If the price consolidates below 1.1605, the downside target at 1.1495 will become relevant. On the four-hour chart, the price has consolidated above the 1.1605 level, and the Marlin oscillator has entered bullish territory. The nearest resistance is at 1.1655, which coincides with the MACD line. We are awaiting a confirmed breakout above this level. The material has been provided by InstaForex Company - www.instaforex.com