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[Gold] – [Wednesday, October 8, 2025] With the condition of both EMAs crossing a Golden Cross and the RSI at Extreme-Bullish levels today, buyers still dominate XAU/USD. Key Levels 1. Resistance 2: 4021.88 2. Resistance 1: 4003.09 3. Pivot: 3971.76 4. Support 1: 3952.97 5. Support 2: 3921.64 Tactical Scenario Positive Reaction Zone: If XAU/USD successfully breaks above 3971.76, it has the potential to test its nearest resistance level of 4003.09. Momentum Extension Bias: If 4003.09 is successfully broken and closes above it, it has the potential to strengthen Gold to 4021.88. Level Invalidation/ Bias Revision Upside bias weakens when Gold weakens and closes below 3921.64. Technical Summary EMA(50): 3980.10 EMA(200): 3924.35 RSI(14): 76.69 Economic News Release Agenda: Today, there is a release of data from the United States Crude Oil Inventories at 9:00 PM WIB. The material has been provided by InstaForex Company - www.instaforex.com

The U.S. dollar continues to strengthen against risk-sensitive assets. Yesterday's comments from Federal Reserve officials that lower interest rates might lead to higher inflation supported the U.S. dollar. Traders, concerned about the likelihood of tighter U.S. monetary policy, quickly rotated out of the euro and other risky assets and into the safer dollar. Additional pressure on the euro came from an ECB official's remarks, suggesting that the eurozone could face a sharp decline in its inflation target. The market reacted instantly to the warning signs of potential deflationary pressures, sparking a sell-off in the euro and, consequently, boosting the U.S. dollar. This morning, key events for the euro include the release of Germany's industrial production data and a speech by European Central Bank President Christine Lagarde. These events are likely to influence euro volatility and broader market sentiment. Germany's industrial output is a key indicator of the overall state of the European economy. A weaker-than-expected reading may raise concerns about slowing growth in the region and could prompt the ECB to adopt more accommodative policy, which would be bearish for the euro. Investors will closely monitor Lagarde's speech. Any signals related to future monetary policy, inflation outlooks, or economic forecasts may trigger sharp price swings in the currency markets. As for the British pound, the market will watch the Bank of England's Financial Policy Committee (FPC) summary and minutes, as well as a speech by FPC member Huw Pill. The FPC minutes will provide detailed insight into the committee's economic outlook and the reasoning behind recent policy decisions. Huw Pill's remarks will add color and show his personal stance on the challenges currently facing the UK economy. If the incoming data match economists' expectations, traders should use a Mean Reversion strategy. If the data are significantly better or worse than forecast, a Momentum strategy would be more appropriate. Momentum Strategy (Breakout Trading)EUR/USDBuying on a breakout above 1.1646 may lead to a rally toward the 1.1681 and 1.1715 zones. Selling on a breakout below 1.1611 may trigger a decline toward 1.1576 and 1.1530. GBP/USDBuying on a breakout above 1.3407 may push the pound up toward 1.3448 and 1.3488. Selling on a breakout below 1.3365 may lead to a drop toward 1.3326 and 1.3282. USD/JPYBuying on a breakout above 152.45 may lead to a rise toward 152.80 and 153.20. Selling on a breakout below 152.10 may signal a move toward 151.73 and 151.35. Mean Reversion Strategy (Failed Breakout Reversals) EUR/USDI will look to sell after a failed breakout above 1.1659 and a return below the level. I will look to buy after a failed breakout below 1.1594 and a return above the level. GBP/USDI will look to sell after a failed breakout above 1.3425 and a return below the level. I will look to buy after a failed breakout below 1.3374 and a return above the level. AUD/USDI will look to sell after a failed breakout above 0.6586 and a return below the level. I will look to buy after a failed breakout below 0.6552 and a return above the level. USD/CADI will look to sell after a failed breakout above 1.3974 and a return below the level. I will look to buy after a failed breakout below 1.3948 and a return above the level. The material has been provided by InstaForex Company - www.instaforex.com

According to market reports, open futures positions on XRP have grown sharply this month, even as the token struggles to push past the $3 mark. CryptoQuant data shows open interest near $2.92 billion, while Coinglass reports a much higher $8.94 billion figure, reflecting wider market coverage that includes venues such as the CME. Open Interest Climbs Despite Price Hurdles Reports have disclosed that XRP’s open interest rose from $2.34 billion on September 25 to roughly $2.92 billion as of Monday. That increase comes at the same time the token moved from a low of $2.74 to about $2.99, nearly 10%. Yet trading activity has not kept pace. Volume fell by 10% over 24 hours to $5.76 billion, which suggests fewer spot trades are backing the surge in futures bets. Different data providers tell different parts of the story. CryptoQuant pulls figures from major crypto exchanges and shows OI near $2.92 billion. Based on broader coverage, Coinglass places the number at $8.94 billion. The gap is largely explained by the range of exchanges counted. Some venues that handle large futures flows, including margin and institutional platforms, are captured by one service and not the other. That matters because the total picture of positions across markets can change how a price move plays out. Speculators Build Positions While Volume Eases Traders appear to be building more futures positions even while outright trading slows. Margin-based bets have grown. That makes the market more sensitive to price swings. When open interest increases into a firm resistance level — here, the psychological and technical barrier around $3 — a failed breakout can quickly trigger forced exits and sharp moves in either direction. Put simply: more open bets without matching spot volume raises the odds of sudden volatility. ETF Hopes Add A Different Layer Institutional optimism is also in the mix. In an interview with Paul Barron, Canary Capital CEO Steven McClurg raised his initial estimate for potential XRP ETF inflows from $5 billion to as much as $10 billion. He suggested ETF demand could reach $2–3 billion on day one under favorable market conditions. Those projections are drawn from past ETF launches and the large allocation some institutional buyers showed for early Bitcoin products. Reports have also highlighted ongoing talks between the SEC and the CFTC about crypto oversight, a development that could affect ETF approvals and market access. SEC commissioner Paul Atkins has been pressing for what he calls an “innovation exemption” to speed certain approvals. Until clearer rules are in place, big institutional moves remain possible but not guaranteed. Featured image from Vecteezy, chart from TradingView

Key takeaways AUD/NZD nears breakout: The pair rallied 1.10% since 6 October 2025, approaching the key long-term resistance at 1.1470.RBNZ turns more dovish: The central bank cut its cash rate by 50 bps to 2.5%, signaling openness to further easing to boost demand.Yield spread widens: The AU–NZ 10-year bond yield spread expanded to 0.16%, reinforcing bullish momentum for AUD/NZD.Technical setup remains strong: Uptrend within a medium-term ascending channel; breakout above 1.1470 could target 1.1510 next. This is a follow-up analysis and timely update of our prior report, “AUD/NZD: Bullish en route towards a 10-year high at 1.1470 with a less dovish RBA”, published on 30 September 2025. Since our last analysis, the price actions of the AUD/NZD cross pair have staged the expected up move and rallied by 1.10% from Monday, 6 October 2025 low of 1.1320 to print a current intraday high of 1.1446 on Wednesday, 8 October 2025, just a whisker below the key resistance of 1.1470. RBNZ maintained dovish monetary policy guidance with a larger 50 bps rate cut The bulk of the bullish movement seen in the AUD/NZD since the start of this week has come today, exuberated by a much more dovish New Zealand central bank. The RNBZ cut its short-term official cash rate by 50 basis points, more than the median consensus forecast of a 25-bps cut to 2.5% from 3%. It is the eighth rate cut by the RBNZ since it kick-started its current interest rate-cutting cycle in August 2024 from 5.50%. Today’s rate cut brought the official cash rate to its lowest level since mid-2022. The RBNZ’s latest monetary policy statement signalled its commitment to maintaining a dovish stance, expressing willingness to continue monetary easing and openness to further rate cuts aimed at stimulating demand, while placing less emphasis on immediate inflation risks. A further steepening of the AU/NZ sovereign yield spread supports AUD/NZD bulls Fig. 1: AU & NZ unemployment rate with yield spreads of AU/NZ government bonds as of 8 Oct 2025 (Source: TradingView) The more dovish monetary policy guidance from the RBNZ than its antipodean counterpart has triggered a further steepening of the 2-year and 10-year yield spreads between Australian and New Zealand sovereign bonds. Currently, the 10-year spread with a longer tenure has just broken above its October 2024 peak of 0.12% and is trading at 0.16% at the time of writing. Hence, the 2-year and 10-year yield spreads between Australian and New Zealand sovereign bonds are likely to widen further, which in turn could propel a further bullish movement in the AUD/NZD cross pair. Let’s now focus on the short-term (1to 3 days) trajectory, key elements, and key levels to watch on the AUD/NZD from a technical analysis perspective. Fig. 2: AUD/NZD minor trend as of 8 Oct 2025 (Source: TradingView) Fig. 3: AUD/NZD long-term secular trend as of 8 Oct 2025 (Source: TradingView) Preferred trend bias (1-3 days) Maintain bullish bias in any minor setbacks for the AUD/NZD with adjusted short-term pivotal support at 1.1370. A clearance above the key long-term secular resistance of 1.1470 may trigger a further bullish acceleration towards the next intermediate resistance at 1.1510 (also a Fibonacci extension) in the first step. Key elements The price actions of the AUD/NZD have continued their upward movement within a medium-term ascending channel in place in place since the 20 August 2025 low (see Fig. 2).The upper boundary of the medium-term ascending channel will be projected as a resistance at 1.1510 for the AUD/NZD (see Fig. 2).The hourly RSI momentum indicator of the AUD/NZD has reached an extreme overbought level of 83 at the time of writing, but without any bearish divergence condition. These observations suggest that the AUD/NZD is likely to see a minor pull-back first below 1.1435 at this juncture before its next bullish impulsive up move sequence materialises (see Fig. 2).The 1.1470 long-term secular resistance of the AUD/NZD is defined as the upper limit of a 10-year-plus bullish basing configuration in place since April 2015 (see Fig. 3).In addition, the monthly MACD trend indicator of the AUD/NZD has continued to drift higher above its centreline after a retest of its ascending channel support. This observation suggests the potential start of a long-term secular bullish trend for the AUD/NZD, which increases the odds of a major bullish breakout above 1.1470 (see Fig. 3).Alternative trend bias (1 to 3 days) A break below the 1.1370 key short-term support for AUD/NZD negates the bullish scenario to expose the next intermediate support at 1.1330/1.1320 (also close to the lower boundary of the medium-term ascending channel). Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Solana started a fresh decline from the $238 zone. SOL price is now consolidating losses below $225 and might decline further below $218. SOL price started a fresh decline below $232 and $230 against the US Dollar. The price is now trading below $225 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $230 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start another increase if the bulls defend $218 or $212. Solana Price Dips Below Support Solana price extended gains above $225 and $230, like Bitcoin and Ethereum. SOL even surpassed $235 before the bears appeared. A high was formed near $238 and the price dropped. There was a move below $232. Besides, there was a break below a key bullish trend line with support at $230 on the hourly chart of the SOL/USD pair. The pair traded as low as $217.47 and is currently consolidating losses below the 23.6% Fib retracement level of the recent decline from the $237 swing high to the $217 low. Solana is now trading below $225 and the 100-hourly simple moving average. If there is a recovery wave, the price could face resistance near the $222 level. The next major resistance is near the $228 level or the 50% Fib retracement level of the recent decline from the $237 swing high to the $217 low. The main resistance could be $230. A successful close above the $230 resistance zone could set the pace for another steady increase. The next key resistance is $238. Any more gains might send the price toward the $245 level. Another Drop In SOL? If SOL fails to rise above the $230 resistance, it could continue to move down. Initial support on the downside is near the $218 zone. The first major support is near the $212 level. A break below the $212 level might send the price toward the $200 support zone. If there is a close below the $200 support, the price could decline toward the $188 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $218 and $212. Major Resistance Levels – $230 and $238.

Macroeconomic Report Overview: Only one macroeconomic release is scheduled for Wednesday — Germany's industrial production data. We believe that most traders already understand that this report, even if it generates a short-term reaction, is unlikely to have any significant influence on the broader market trend. The U.S. dollar continues to strengthen for reasons that defy fundamental and macroeconomic logic. We consider the current movement entirely illogical, and traders need to recognize and accept that. Key Fundamental Events: Despite a thin macro data calendar, several fundamental events are lined up. In the Eurozone, European Central Bank President Christine Lagarde is scheduled to speak again. However, once again, we do not expect anything significant from her remarks. Lagarde has already made three public appearances last week and spoken twice this week, none of which provided any meaningful new information or policy insights. In the United States, Federal Reserve officials Michael Barr and Neel Kashkari will also deliver remarks. These comments are also unlikely to move the market. It's clear that FOMC's Michael Barr will continue to support the most aggressive path of interest rate cuts. Just yesterday, a newly appointed FOMC member stated that monetary policy should be eased because the "neutral rate" has decreased due to demographic shocks. He also remarked that overall uncertainty risks are diminishing. To this, we'll add that most Federal Reserve officials continue to pursue a "moderate approach" when it comes to easing monetary policy. General Takeaways:On this third trading day of the week, both EUR/USD and GBP/USD may continue to trade erratically and illogically. We saw unexplained declines yesterday and again overnight — and today, we could just as easily see upward movement that's equally difficult to justify. Therefore, novice traders should stick to trading from nearby levels or technical zones as usual, but be cautious — market behavior at the moment is far from rational or stable. Core Rules of the Trading System:The strength of a trading signal is based on how quickly it forms (either a bounce or a breakout). The less time required, the stronger the signal.If two or more trades from a specific level turn out to be false signals, all future signals from that level should be ignored.In a flat (sideways) market, many false signals may emerge, or no signals at all. In any case, if sideways conditions are detected, it's better to stop trading.Trades should be entered between the start of the European session and the middle of the American session. All open trades should be closed manually afterward.On the hourly chart, MACD-based signals should only be followed when volatility is high and a trendline or trend channel confirms a trend.If two levels are too close to one another (between 5 and 20 pips), they should be treated as a single support or resistance zone.Once a trade moves 15-20 pips in your favor, the Stop Loss should be set to breakeven.Interpretation of Chart Elements:Support and resistance levels are the key targets for opening buy or sell positions. Take Profit levels can also be set around them.Red lines indicate channels or trendlines that represent the current market direction and the preferred trading vector.The MACD (14, 22, 3) histogram and signal lines are auxiliary indicators used to generate entry signals.Final Notes for Beginners:Major speeches and reports (always listed in economic calendars) can heavily affect currency pair movements. It's best to trade cautiously or stay out of the market during such events to avoid sudden reversals. Beginner forex traders should always remember that not every trade will be profitable. Developing a clear trading strategy and sound money management are the cornerstones of long-term success. The material has been provided by InstaForex Company - www.instaforex.com

Arthur Hayes believes Bitcoin can double into year-end—and he says the catalyst is a White House blueprint to capture the levers of US monetary policy. In an appearance on The Rollup, the BitMEX co-founder sketched a path to $250,000 per coin predicated on what he calls a “secret weapon”: a rapid consolidation of control over the Federal Reserve (Fed) that would clear the way for aggressive credit creation, yield-curve engineering, and an eventual flood of fiat liquidity into digital assets. Trump’s Fed Plan Could Catapult Bitcoin To $250,000 Hayes’ $250,000 year-end Bitcoin call rests on a narrow but explosive thesis: Donald Trump can seize functional control of the Federal Reserve within months, trigger yield-curve control by executive-pressure and personnel power, and unleash a credit impulse that spills straight into crypto via stablecoins. The BitMEX co-founder framed the pathway not as conjecture but as institutional mechanics. “It just is math. I love math,” he said. At the center is the Fed’s architecture—two bodies, two vote thresholds, one choke point. Hayes recited the plumbing crisply. “There’s a Fed Board of Governors. There’s seven members on this board. All are presidential appointees confirmed by the Senate and simple majority wins. So you need four votes out of seven to control that board.” With that majority, the White House gains three levers at once: the interest rate paid on reserve balances and terms at the discount window; supervisory stance over bank regulation; and decisive influence over who runs the 12 regional Reserve Banks—because those presidents must be approved by the governors. The second body, the FOMC, has 12 votes; seven governors and five district presidents. Stack sympathetic leaders at the districts and the tally follows. “By having four in the governors and seven of the FOMC you’re effectively controlling the central bank,” Hayes argued. Why, then, is Governor Lisa Cook “the final domino”? Hayes ties the timing to Stephen Miran’s recent dissent on rate policy among sitting governors. He contends Trump already has two aligned votes and a plausible third; Cook is the hinge for a fourth. In his formulation, mounting legal and political pressure could force her departure on a compressed calendar. “I think it’s before the end of the year,” he said, describing an “imminent” court determination related to a mortgage- or bank-fraud matter and the likelihood of a negotiated exit irrespective of guilt or innocence: “This is all politics… what is she going to get promised in the back end to step down and exit stage left?” If Cook leaves and a replacement sails through while the Senate math still favors confirmations, the Board majority flips. With four of seven, the administration can then approve or block district-president selections coming up on the two- and four-year rotation—“in every year that ended in a one and a five… all 12 district bank presidents are up for reelection,” he noted—giving a path to seven of 12 on the FOMC. Yield Curve Control And Liquidity The policy intent is explicit: steepen the curve and run the economy hot via regional banks—what Hayes calls “QE for poor people.” The operational tools start on the short end. A governor-aligned Board can cut the rate paid on excess reserves to pull down front-end benchmarks, cheapen funding for banks, and reopen the discount window with friendlier terms. Supervision can be eased to encourage loan growth outside the money-center complex. In parallel, an FOMC majority can direct the System Open Market Account to expand—classic balance-sheet policy—while rhetorically committing to pins on the curve. The template, Hayes says, is the 1940s. “A politician can declare exigent circumstances… there are so many things that [they] could use as an excuse… and therefore the Fed is justified in combining with the Treasury and fixing the money supply.” The effect is curve management, not just cuts: “They’re going to steepen the yield curve. And so steepening the yield curve is going to bring the near end down,” while longer maturities reprice around higher nominal growth and inflation expectations. Even if long rates fall from peak levels as policy eases, the slope widens, repairing bank net-interest margins and pushing credit creation into the “heart of America.” This is the bridge to Bitcoin. A steepened curve and looser supervision channel new lending through regional banks, raising the money multiplier and nominal GDP, and pushing inflation. “When the regional bank is lending… they’re creating this new loan… they need to hire more workers… and obviously inflation grows along with it,” Hayes said. Liquidity then leaks into Bitcoin through stablecoins he expects to proliferate under a dollar-hegemony strategy. First comes T-bill carry in tokenized dollars; next comes on-chain yield; finally comes speculation. “Once you have a stablecoin… now you’ve got a dollar bank account… I can make 10–15%… I’m still broke… I’m going to speculate,” he said, pointing to perpetuals venues as the ultimate release valve for global retail leverage. The price call follows from the plumbing. Hayes reiterated a “double into the end of the year” toward $250,000 if the personnel puzzle clicks—Cook exits, replacements are confirmed, district appointments swing, and the Fed’s balance sheet plus short-end levers are brought to heel. He also flagged the political clock: razor-thin Senate margins and the risk that a post-2026 Congress could block confirmations. “If Trump has anyone who needs to be approved… it better happen before then,” he warned, adding that Powell’s chair term ending in May 2026 could compound the realignment if the earlier pieces are in place. Hayes’ macro coda is stark: the debt arithmetic forces either inflation or explicit restructuring, and both are bullish for scarce assets. He even entertained revaluing US gold to book a trillion-dollar gain—an admission of dollar devaluation that he said would carry unknowable Treasury-market consequences. Either route, he insists, is hostile to bonds and supportive of Bitcoin. “At the end of the day, you don’t want to own bonds… you want to be selling dollars and owning a hard asset like Bitcoin or gold.” At press time, BTC traded at $124.468.

Tuesday's Trade Review1-Hour GBP/USD Chart On both Tuesday and Wednesday, the GBP/USD currency pair continued to move downward, with no apparent reason for this decline. Many analysts have attributed the strength of the dollar to the political crisis in France. However, that doesn't explain why the British pound is falling too. Could it be that it's the dollar rising? However, let's recall that on Monday and Tuesday, no significant U.S. events occurred, and the U.S. Senate failed for the fifth time to pass a budget for the upcoming fiscal year. Is that reason enough for the dollar to rise? Because the government shutdown continues? That's why we consider this movement completely illogical. The only plausible explanation is that the pair is trading in a flat range on the daily timeframe. If traders switch to that chart, they'll notice that the pound has been moving sideways for several months — more so than upwards — although the general uptrend of 2025 remains intact. In range-bound markets, significant fundamental or macroeconomic drivers are not necessary. Thus, the recent drop in the pair may be purely technical. 5-Minute GBP/USD Chart On the 5-minute chart, the pattern is quite similar to what we're seeing in EUR/USD. The price has begun to ignore support and resistance levels. For example, the 1.3413 level held the price from falling further three times — and this despite a lack of any compelling news or events supporting a bearish move. Yet yesterday, the price broke below this level and consolidated beneath it overnight. It creates the impression that market makers are deliberately pushing prices lower. Nonetheless, the trading signals were fairly decent. Short positions could have been opened after the price had consolidated below the 1.3466–1.3475 range. Once the price moved back above 1.3413–1.3421, those shorts could have been closed. During the night, new short positions were possible — assuming you were awake and trading at that time. How to Trade on WednesdayOn the hourly chart, GBP/USD has completed the formation of a downside movement. As previously mentioned, there are no substantial reasons to expect prolonged dollar strength. That's why, in the medium term, we anticipate upward movement (north). However, the current market remains in a strange state. The British pound continues to fall — but there's no solid explanation behind it. You can still trade technically on the lower timeframes, but the price movements remain illogical at almost every timeframe. On Wednesday, the GBP/USD pair may continue moving downward, particularly after breaking below the 1.3413–1.3421 zone overnight. However, the current movement style is highly unstable, so upside corrections remain possible without clear justification. Moreover, the price is now beginning to ignore key levels and zones. On the 5-minute chart, you can currently trade using the following levels: 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. There are no significant reports or economic events scheduled in either the U.S. or the U.K. for Wednesday. The only item worth noting is the release of the Federal Reserve meeting minutes in the evening, which is primarily considered a procedural document without major market impact. Core Rules of the Trading System:The strength of a trading signal is based on how quickly it forms (either a bounce or a breakout). The less time required, the stronger the signal.If two or more trades from a specific level turn out to be false signals, all future signals from that level should be ignored.In a flat (sideways) market, many false signals may emerge, or no signals at all. In any case, if sideways conditions are detected, it's better to stop trading.Trades should be entered between the start of the European session and the middle of the American session. All open trades should be closed manually afterward.On the hourly chart, MACD-based signals should only be followed when volatility is high and a trendline or trend channel confirms a trend.If two levels are too close to one another (between 5 and 20 pips), they should be treated as a single support or resistance zone.Once a trade moves 20 pips in your favor, the Stop Loss should be set to breakeven.Interpretation of Chart Elements:Support and resistance levels are the key targets for opening buy or sell positions. Take Profit levels can also be set around them.Red lines indicate channels or trendlines that represent the current market direction and the preferred trading vector.The MACD (14, 22, 3) histogram and signal lines are auxiliary indicators used to generate entry signals.Final Notes for Beginners:Major speeches and reports (always listed in economic calendars) can heavily affect currency pair movements. It's best to trade cautiously or stay out of the market during such events to avoid sudden reversals. Beginner forex traders should always remember that not every trade will be profitable. Developing a clear trading strategy and sound money management are the cornerstones of long-term success. The material has been provided by InstaForex Company - www.instaforex.com

Tuesday Trade Review1-Hour EUR/USD Chart On Tuesday, the EUR/USD currency pair continued falling despite an entirely empty macroeconomic calendar. The U.S. dollar, which had declined throughout 2025, is now unexpectedly rising — and many analysts are scrambling to find explanations for this move. There are no convincing arguments in favor of dollar strength this week. Last week, the dollar at least moved sideways, although even that didn't make sense considering the weak overall macro and fundamental backdrop. To recap: ISM business activity indexes came in weak, U.S. employment data disappointed again, and a government shutdown began in the U.S. We believe there are three compelling reasons to sell the dollar promptly. Yet the market seems determined to interpret the situation differently. We consider the current market move to be illogical, and we say this openly. In our view, it is pointless to pin this move on France's political instability — especially since the British pound, which has no direct connection to France's Prime Minister resigning, is also in decline. 5-Minute EUR/USD Chart On the 5-minute chart, current movements are not logical either. It's essential to recognize that illogical moves are relatively easy to identify. The price seems to disregard key levels altogether. For instance, the pair did technically bounce from the 1.1655–1.1666 area yesterday, which had previously acted as strong support multiple times. But this time, it failed to provide any resistance. Overnight, the dollar kept rising — and there's absolutely no real reason for this. How to Trade on WednesdayOn the hourly chart, EUR/USD has broken the trendline multiple times, indicating a formal trend reversal to the upside. The overall macro and fundamental backdrop remains weak for the U.S. dollar, so we do not expect any strong or sustained bullish momentum for the greenback. We continue to believe current movements are merely technical corrections — and this appears to be one of them. Even if the downtrend continues, we won't consider it fundamentally justified. On Wednesday, the EUR/USD could continue to decline now that the 1.1655–1.1666 zone has been breached. We maintain that this move is not aligned with logic, and the price is increasingly ignoring support and resistance levels. Surprises are possible. On the 5-minute chart, pay attention to the following key levels: 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. On Wednesday, European Central Bank President Christine Lagarde will deliver another speech in the Eurozone. This will be her third appearance this week, and so far, none of her speeches has delivered any significant insights. In the evening, the Federal Reserve will publish its latest meeting minutes, which are typically viewed as procedural and unlikely to have a significant impact on markets. Core Rules of the Trading System:The strength of a trading signal is based on how quickly it forms (either a bounce or a breakout). The less time required, the stronger the signal.If two or more trades from a specific level turn out to be false signals, all future signals from that level should be ignored.In a flat (sideways) market, many false signals may emerge, or no signals at all. In any case, if sideways conditions are detected, it's better to stop trading.Trades should be entered between the start of the European session and the middle of the American session. All open trades should be closed manually afterward.On the hourly chart, MACD-based signals should only be followed when volatility is high and a trendline or trend channel confirms a trend.If two levels are too close to one another (between 5 and 20 pips), they should be treated as a single support or resistance zone.Once a trade moves 15 pips in your favor, the Stop Loss should be set to breakeven.Interpretation of Chart Elements:Support and resistance levels are the key targets for opening buy or sell positions. Take Profit levels can also be set around them.Red lines indicate channels or trendlines that represent the current market direction and the preferred trading vector.The MACD (14, 22, 3) histogram and signal lines are auxiliary indicators used to generate entry signals.Final Notes for Beginners:Major speeches and reports (always listed in economic calendars) can heavily affect currency pair movements. It's best to trade cautiously or stay out of the market during such events to avoid sudden reversals. Beginner forex traders should always remember that not every trade will be profitable. Developing a clear trading strategy and sound money management are the cornerstones of long-term success. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin's exchange rate against the U.S. dollar has been correcting for the second consecutive day after a strong upward movement that began on September 26. If today's daily candle closes as a bearish (black) candle, this will confirm the price's consolidation below the target level of 122,185, as well as below the 23.6% Fibonacci retracement level. The next downside target will be the 50.0% Fibonacci retracement level, which aligns with support at 117,418 — the August 22 high. Further decline toward 115,679 is also possible. This level corresponds to the low from July 15 and lies near the 61.8% Fibonacci retracement level. A deeper correction below that zone is unlikely, as a break of 115,679 would likely lead to a test of the MACD line. A firm close below that line would no longer be considered a correction, but rather the beginning of a medium-term downtrend — in other words, a trend reversal. On the 4-hour chart, the first support level is the MACD line, located around 119,690. The price must consolidate below this level to gain confidence in reaching the next support at 117,418. We will closely monitor the situation as it unfolds. It is also worth noting that the Marlin oscillator continues to display an optimistic bias. The material has been provided by InstaForex Company - www.instaforex.com

At the end of yesterday's trading session, the euro fell by 53 pips. During today's Pacific session, the price has already dropped another 30 pips, approaching the target level of 1.1605. The Marlin oscillator is also declining after rebounding from the zero line. Even on the weekly chart, divergences are present and Marlin remains in negative territory. Formally, the price action is developing in line with our primary scenario, under which the euro is expected to continue its long-term decline toward the key target at 1.1066 — the May low — which nearly coincides with the 50% Fibonacci retracement of the rally that began in January this year. However, this otherwise clean technical outlook is being clouded by several factors: the weekly gap from Monday remains unfilled, U.S. stock markets are near all-time highs, the yield on 5-year U.S. Treasury bonds is stable at Friday's closing level, and daily trading volume remains below average. In other words, there is no obvious capital flight — the euro is falling because of internal factors, possibly due to the recent resignation of French Prime Minister Sebastien Lecornu. If early parliamentary elections in France are announced, this could further destabilize the euro's outlook. For these reasons, we are not counting on a deep decline in the euro. A price reversal from the 1.1605 level is possible — and could happen as soon as today. Should the price consolidate below that level, it may then work its way down to the next support at 1.1495. If that level also breaks, the path opens toward 1.1392. A reversal may occur from any of these key levels, possibly leading the price back up to 1.1779 to fill the unclosed gap — a last opportunity to retest the upper boundary of the price channel around 1.1910. The euro is entering a chaotic phase resembling that of the first half of 2021. On the four-hour chart, the price is rapidly approaching the support at 1.1605. The Marlin oscillator is declining along a steep trajectory and, if this pace is maintained, it will end up in the oversold zone around 1.1495. Therefore, if the price does not reverse for a correction of the entire decline since September 17, we expect that reversal to occur from the 1.1495 level. The material has been provided by InstaForex Company - www.instaforex.com

On the weekly chart, the price is trying to push through the support of the MACD line. This line has been broken several times in the past (marked by green arrows), but each time the price quickly rebounded as there was no weekly close below it. The same may happen now — if the next weekly candle does not close below the current level of 1.3400, then a breakout into a medium-term downtrend is unlikely. However, the probability of a true breakout is significantly higher this time compared to previous attempts, because back then the Marlin oscillator remained in positive territory, whereas now it is situated in negative territory. On the daily chart, the price has moved below the MACD line. The nearest target level at 1.3364 is now within range. A firm close below this level would open the path toward the next downside target at 1.3253. If the pair fails to hold below this level, we may see a repeat of the September 25th scenario, when the weekly candle pierced below the line but failed to confirm the breakout. On the H4 chart, the price has consolidated below both indicator lines, and the Marlin oscillator continues to descend further in negative territory. If the price on this timeframe firmly holds below the 1.3364 level, this would be the first solid signal of the pair's intent to continue its decline toward 1.3253. The material has been provided by InstaForex Company - www.instaforex.com

XRP price started a fresh decline below $2.920. The price is now consolidating losses and might continue to move down if it trades below $2.850. XRP price is slowly moving lower below the $2.920 pivot zone. The price is now trading below $2.950 and the 100-hourly Simple Moving Average. There was a break below a key declining channel with support at $2.90 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh decline if it settles below $2.850. XRP Price Dips Again XRP price failed to stay above $3.020 and started a fresh decline, like Bitcoin and Ethereum. The price declined below $3.00 and $2.950 to enter a short-term bearish zone. Besides, there was a break below a key declining channel with support at $2.90 on the hourly chart of the XRP/USD pair. The price tested the $2.850 zone and is currently consolidating losses below the 23.6% Fib retracement level of the downward move from the $3.049 swing high to the $2.850 swing low. The price is now trading below $2.920 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.90 level. The first major resistance is near the $2.950 level and the 50% Fib retracement level of the downward move from the $3.049 swing high to the $2.850 swing low. A clear move above the $2.950 resistance might send the price toward the $3.00 resistance. Any more gains might send the price toward the $3.020 resistance. The next major hurdle for the bulls might be near $3.050. Another Decline? If XRP fails to clear the $3.00 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.850 level. The next major support is near the $2.80 level. If there is a downside break and a close below the $2.80 level, the price might continue to decline toward $2.7250. The next major support sits near the $2.650 zone, below which the price could continue lower toward $2.60. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.850 and $2.80. Major Resistance Levels – $2.90 and $2.920.

While most eyes remain fixated on Bitcoin’s price swings and ETF inflows, the real revolution is unfolding quietly in its code. This silent evolution is redefining how value, contracts, and trust can operate on the leading secure blockchain. How Layer-2s Are Turning Bitcoin Into A Dynamic Ecosystem Bitcoin’s new all-time high (ATH) is dominating the timeline, but it’s not the real story. Under the surface of price charts and speculation, a quiet technological revolution is taking shape and could redefine BTC’s utility in the ecosystem. In an X post, High Tower revealed the real ATH is in the code, and the movement centers on BitVM2, an evolution of the original BitVM model. While some are watching the price, projects such as Fiamma are turning this concept into working code. At its core, BitVM was a concept that enabled complex computations to run off-chain using BTC only as the final arbiter. However, the system came with a catch, and it relied on a single verifier that had to stay online 24/7 to detect fraud, acting as a single point of oversight. If the verifier went offline or missed a dishonest move, the integrity of the system was compromised. BitVM2 fundamentally flips this model. Instead of depending on the verifier, it shifts the burden of honesty onto the prover. The prover doing the computation must continuously prove they are honest. If they cheat, that collateral can be claimed by anyone monitoring the chain. For the first time, on-chain proofs are not dependent on a single constantly online watchdog. This change unlocks the door to truly trust-minimized bridges and Layer-2 solutions on BTC that don’t rely on federations or wrapped assets. Instead, the system relies on economic incentives and on-chain fraud proofs. Thus, using native BTC in DeFi, not wrapped versions like wBTC, could soon move freely across DeFi systems, which is where projects like Fiamma Labs come in. Fiamma is building the first EVM-compatible layer on top of BitVM2, enabling smart contracts to run directly with BTC’s native security. Tower added that it’s too early to call this the endgame for Layer-2s, but architecturally, it’s a major leap forward. Where Bitcoin Could Catch Its Breath Bitcoin’s climb to new all-time highs has once again captured market attention. Crypto trader Lennaert Snyder has mentioned that the move isn’t as one-sided as it looks. While momentum remains strong, Bitcoin’s chart reveals significant liquidity pools to the downside. According to Snyder, BTC’s recent breakout has left behind multiple support zones, represented as boxes on his chart, and two paths are likely from here. Either BTC holds these highs and continues to run, or BTC flushes out longs before a sharp reversal upward. The trader specifically highlights the $113,500 to $114,800 range as a key liquidity flush.

Ethereum price failed to extend gains above $4,750 and declined. ETH is now consolidating and might struggle to rise above $4,600 in the short term. Ethereum started a downside correction below $4,620 and $4,600. The price is trading below $4,600 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $4,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $4,420. Ethereum Price Corrects Gains Ethereum price extended gains above $4,600 and $4,620, like Bitcoin. ETH price even tested the $4,750 resistance zone before the bears appeared. A high was formed at $4,759 and the price corrected some gains. There was a move below the $4,620 and $4,600 levels. Besides, there was a break below a key bullish trend line with support at $4,560 on the hourly chart of ETH/USD. The pair even tested the $4,440 zone and is currently consolidating losses. Ethereum price is now trading below $4,550 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,520 level and the 23.6% Fib retracement level of the recent decline from the $4,759 swing high to the $4,435 low. The next key resistance is near the $4,550 level. The first major resistance is near the $4,600 level or the 50% Fib retracement level of the recent decline from the $4,759 swing high to the $4,435 low. A clear move above the $4,600 resistance might send the price toward the $4,650 resistance. An upside break above the $4,650 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,720 resistance zone or even $4,750 in the near term. More Losses In ETH? If Ethereum fails to clear the $4,600 resistance, it could start a fresh decline. Initial support on the downside is near the $4,440 level. The first major support sits near the $4,420 zone. A clear move below the $4,420 support might push the price toward the $4,320 support. Any more losses might send the price toward the $4,250 region in the near term. The next key support sits at $4,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,420 Major Resistance Level – $4,600

In stark contrast to the broader resurgence in the cryptocurrency market, where many assets are approaching or exceeding record highs, the XRP price finds itself in a precarious position. The altcoin has consistently failed to breach its nearest resistance level at $3, resulting in a retracement to crucial support levels that are vital for preventing a significant correction and further declines. XRP Price Struggles As Bitcoin Hits New High While Bitcoin (BTC) recently celebrated a new all-time high above $126,000, Ethereum (ETH) is inching closer to its own record of $4,900, and Binance Coin (BNB) mirrors Bitcoin’s ascent with prices rising above $1,300, XRP has faced a nearly 4% drop. Market expert Lark Davis expressed his concern on social media site X (formerly Twitter), stating that the XRP price has been unable to find its footing, repeatedly getting pushed down in its attempts to break the descending resistance line. He emphasized that a successful break above the orange line just above the current trading price could open the door to a target of $4, which would mean a new all-time high for the XRP price. However, Davis cautioned that failure to achieve this could necessitate reliance on the 20-day exponential moving average (EMA) at $2.94. Currently, XRP is trading at $2.92, just below this critical level, further accentuating the lack of bullish momentum. A sustained drop below this point could lead to further declines toward nearby support levels, with $2.77 emerging as a significant threshold on the daily chart. The $2.60 mark also becomes increasingly important. Should this level be tested, it could prevent a major collapse toward $2.22, a pivotal consolidation point since June that preceded XRP’s surge to over $3.60 in July. On the contrary, if this support breaks, the $2 mark could be in jeopardy for the remainder of the year. Can Consolidation Lead To A Breakout? Despite these challenges, some analysts remain optimistic about the XRP price prospects. Egrag Crypto, a market analyst recognized for bullish forecasts on the altcoin, shared an encouraging outlook on social media. He highlighted the potential for an October breakout, based on mathematical projections and historical breakout percentages. Egrag pointed out that an ascending triangle typically breaks out around the 70-80% mark of its formation. According to his analysis, if the XRP price continues to consolidate within this triangle pattern between $2.6 and $3.6, traders can anticipate a breakout as it approaches 70% to 80% of its formation. Despite the uncertainty surrounding XRP’s immediate performance, the $3 resistance level remains pivotal for initiating a new uptrend and reclaiming its position against BNB as the third-largest cryptocurrency by market capitalization. Currently, XRP has slipped to the fourth spot, having been overtaken by Binance Coin. The coming days will be crucial in determining whether the XRP price can overcome its challenges and regain momentum in this competitive landscape. Featured image from DALL-E, chart from TradingView.com

SharpLink Gaming’s Ethereum portfolio has ballooned in value after the cryptocurrency climbed nearly 4.5% over the past day, pushing the company’s unrealized profits close to the $1Bn mark In a statement on Tuesday, SharpLink said its gains from Ether purchases have topped $900M since the firm began accumulating the asset on June 2. Data from the Strategic ETH Reserve shows SharpLink holds 838,730 ETH, valued at roughly $3.93Bn at current prices. That stake represents about 0.69% of Ethereum’s total circulating supply, placing the company among the largest corporate holders of the token. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in October2025 How Did SharpLink’s Ethereum Holdings Reach Nearly $4 Billion? Ether’s jump to $4,700 on Tuesday, up nearly 5% from Monday’s $4,500, added further momentum to SharpLink’s balance sheet. (Source: Coingecko) The firm also reported that its Ether concentration per share has almost doubled since the start of its accumulation program, increasing potential returns for shareholders. The data also illustrates how SharpLink built its position gradually through the summer. The first round of purchases included 176,300 ETH, followed by several additional buying waves in July and August. Since early September, SharpLink’s total Ether holdings have stayed close to 839,000 coins. The steady price climb has sharply boosted the value of its reserves. Other firms with Ethereum-focused treasuries have taken a similar approach. Together, their combined holdings now exceed 5.6M ETH, worth about $26.5Bn at current market prices. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 BitMine Immersion Technologies leads the group with roughly 2.83M ETH, valued at $13.25Bn. That represents about 2.34% of the total Ethereum supply. SharpLink follows in second place, while The Ether Machine ranks third with almost 500,000 ETH worth around $2.32Bn. Data from the Strategic ETH Reserve shows that Ethereum held by exchange-traded funds has reached 6.83M ETH, valued at roughly $32Bn. That equals around 5.63% of the total supply. Altogether, corporate treasuries and ETFs now control nearly 12.49M ETH worth about $58Bn. That accounts for more than 10% of Ethereum’s total circulation. The cryptocurrency remains the world’s second-largest treasury asset, trailing only Bitcoin’s 4M coins valued near $500Bn. Solana holds third place with around 18M tokens worth about $4Bn. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Sharplink Hits Near $1Bn in Paper Gains: How Liquid Are SBET ETH Profits? appeared first on 99Bitcoins.

Wall Street’s biggest exchange owner is betting $2Bn that prediction markets are going mainstream. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, announced on Tuesday that it will invest up to $2Bn in crypto prediction platform Polymarket. The deal makes ICE a global distributor of Polymarket’s event-driven data and opens the door for future tokenization projects between the two firms. The investment values Polymarket at about $8Bn before the deal and $9Bn after, according to company statements. ICE shares rose in pre-market trading following the announcement. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in October2025 What Steps Did Polymarket Take to Regain US Regulatory Access? The move marks one of Wall Street’s biggest steps into blockchain-based prediction markets, a space long viewed as too experimental for traditional finance. ICE said it plans to syndicate Polymarket’s data to institutional clients while exploring ways to tokenize financial instruments using similar technology. “Our investment combines ICE’s market infrastructure with a forward-thinking company shaping how data and events intersect,” ICE CEO Jeffrey Sprecher said in a statement. Polymarket founder and CEO Shayne Coplan called the deal “a major step in bringing prediction markets into the financial mainstream.” Polymarket has operated largely outside the United States since settling a case with the Commodity Futures Trading Commission (CFTC) in 2022. The company paid a $1.4M fine and agreed to shut down non-compliant markets. To return to the US, Polymarket acquired QCEX, a CFTC-licensed exchange and clearinghouse for $112M in July. In early September, CFTC staff granted QCEX a limited no-action letter related to data reporting and recordkeeping, clearing the way for a regulated relaunch of event-based contracts. ICE’s entry into this space signals that prediction markets, once confined to the crypto niche, may soon be integrated into the broader financial system. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What Should Investors Watch for in ICE’s October 30 Earnings Call? Reuters said ICE shares rose about 4% in pre-market trading after the news. The deal comes as prediction markets hit new highs. Data from DeFiLlama shows Polymarket’s 30-day DEX volume around $1.16Bn, while US-regulated Kalshi saw about $1.3Bn in September. (Source: DeFiLlama) Both platforms are competing for users and liquidity as interest in event-based trading grows. ICE said the investment was made in cash and would not affect its 2025 outlook. More details are expected on its Oct. 30 earnings call. Polymarket, launched in 2020 and now the official prediction partner of X and Stocktwits, presents its prices as real-time probabilities that can serve as sentiment gauges for institutions and media. Traders are betting heavily on another 25-basis-point rate cut. As of Tuesday, the “Decrease 25 bps” contract implied about 89% odds, compared with roughly 9% for “No change,” on total volume above $46M. The outcome will depend on the Federal Reserve’s Oct. 29 policy statement. (Source: Polymarket) With the government shutdown in its first week, Polymarket’s contract tracking the reopening date shows “Oct. 15 or later” priced near 69%, and “Oct. 10–14” at 28%, on more than $4.7M in volume. (Source: Polymarket) The result will be based on updates from the US Office of Personnel Management. ICE plans to give further details on Oct. 30. Watch for Polymarket’s formal US relaunch timeline as QCEX expands, and for any regulatory shifts affecting event contracts. How institutions adopt Polymarket’s data and whether Kalshi maintains its recent volume lead will be early indicators of how the prediction market landscape is shaping up. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post NYSE Invests in Polymarkets as Prediction Markets Here to Stay: 3 Best Polymarket Bets This Month? appeared first on 99Bitcoins.

Bitcoin price struggled to surpass $126,200 and corrected gains. BTC is now consolidating near $122,000 and might aim for a recovery wave. Bitcoin started a downside correction below the $125,000 level. The price is trading below $124,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $123,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $120,500 zone. Bitcoin Price Corrects Gains Bitcoin price extended gains above the $124,000 zone. BTC climbed above the $125,000 and $125,500 resistance levels before the bears appeared. A new high was formed at $126,198 before there was a downside correction. The price dipped below the $124,000 support zone. There was a sharp move and the price tested the $120,500 region. The price is now consolidating near the 23.6% Fib retracement level of the recent decline from the $126,191 swing high to the $120,694 low. Bitcoin is now trading below $124,000 and the 100 hourly Simple moving average. Besides, there is a key bearish trend line forming with resistance at $123,500 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $122,250 level. The first key resistance is near the $123,500 level and the trend line. It is close to the 50% Fib level of the recent decline from the $126,191 swing high to the $120,694 low. The next resistance could be $124,200. A close above the $124,200 resistance might send the price further higher. In the stated case, the price could rise and test the $125,500 resistance. Any more gains might send the price toward the $126,000 level. The next barrier for the bulls could be $126,200. More Losses In BTC? If Bitcoin fails to rise above the $123,500 resistance zone, it could start a fresh decline. Immediate support is near the $121,200 level. The first major support is near the $120,500 level. The next support is now near the $118,500 zone. Any more losses might send the price toward the $116,200 support in the near term. The main support sits at $115,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $121,200, followed by $120,500. Major Resistance Levels – $122,250 and $123,500.

The GBP/USD currency pair continued to trade lower on Tuesday, and we continue to view this movement as entirely illogical. In the EUR/USD article, we suggested that the euro pair is in a flat range on the daily timeframe. With GBP/USD, there's really no need to guess — the flat is plain to see. Given the traditionally high correlation between the euro and pound, there's every reason to assume that both currencies are trading sideways. If true, then the current decline in the pound is purely technical and has nothing to do with macroeconomic or fundamental factors. Even on the 4-hour chart, it's clear that the price has been bouncing around in every direction over the past month. What do such movements indicate? They suggest that the market cannot decide what to do next. And why is that? Because the market is in a range, a period used by market makers for accumulating or distributing positions. It's essential to remember that market makers — meaning the large players who significantly influence the market — cannot simply purchase a couple of billion dollars in one trade. They need to build their position over time. And to do that, they need someone on the other side of the trade willing to sell those billions. This isn't like walking into a bank and buying $100. Flat markets are the perfect time for establishing or closing out those large positions. Prices remain relatively stable, making range-bound periods ideal. That means trades made within a flat range by major players don't have to align with macroeconomic fundamentals at all. If a large institution needs to close a long position, it will do so. It may not be necessary to rush into opening new longs just because the U.S. has entered a shutdown. Every trader knows that once a flat ends, the market moves into a trend, which means positions have already been established, and it's time for momentum. This is why, regardless of the short-term movements GBP/USD may currently exhibit, they have little relevance to the pair's medium-term prospects. Believing in the dollar rally right now is like waiting for aliens to solve all of humanity's problems. The dollar rose for over 16–17 years because it had solid reasons to do so. However, with central banks actively reducing their USD reserves and Donald Trump publicly stating the need for a weaker dollar, what are the chances the currency will return to parity, where it began its rise earlier this year? And let's be clear — the dollar is not gaining strength because of Trump's vague offers to cooperate with Democrats. On Tuesday, news emerged that the U.S. president may extend healthcare and social programs — the very ones he had previously curtailed with his "one big, beautiful bill." If this update is considered more important than the weakening U.S. labor market, the Federal Reserve's dovish tone, or the tightening global interest rate gap, it's not. It's a spoonful of honey in a barrel of tar, and the dollar has now been simmering in that barrel for nine months. As of October 8, the average volatility of the GBP/USD pair over the past five trading days stands at 85 pips. This is considered moderate for this pair. On Wednesday, we expect movement within a range defined by 1.3358 and 1.3528. The higher linear regression channel is pointed upward, which still supports the broader upward trend. The CCI indicator recently entered oversold territory again, warning of a possible trend reversal to the upside. Nearest Support Levels:S1 – 1.3428 S2 – 1.3367 S3 – 1.3306 Nearest Resistance Levels:R1 – 1.3489 R2 – 1.3550 R3 – 1.3611 Trading Recommendations:The GBP/USD currency pair is currently undergoing a correction, but its long-term outlook remains unchanged. Donald Trump's policy approach will continue to put pressure on the dollar, so we do not expect sustained dollar strength. Consequently, long positions with targets at 1.3672 and 1.3733 remain much more appropriate as long as the price holds above the moving average. If the price dips below the moving average, small short positions may be considered, with targets at 1.3367 and 1.3358 on a purely technical basis. The U.S. dollar does show occasional corrective strength, like now, but for a true upward trend to resume, it would require clear signs that the trade war is ending — or other major global positive developments in favor of the greenback. Chart Annotations:Linear regression channels help determine the current market trend. If both channels are aligned in the same direction, the trend is considered strong.The 20-period smoothed moving average defines the short-term trend direction and determines the preferred trade action.Murrey levels are used to set price targets for both trending and corrective phases.Volatility levels (marked with red lines) outline the likely price range for the next 24 hours based on recent volatility metrics.CCI (Commodity Channel Index): Readings below -250 or above +250 signal potential trend reversals.The material has been provided by InstaForex Company - www.instaforex.com

On Tuesday, the EUR/USD currency pair continued trading lower. But why? Why is the U.S. dollar continuing to strengthen when all key factors seem to indicate it should be falling? The macroeconomic and fundamental background is virtually nonexistent, yet for once, the dollar is clearly in demand among traders. To understand what's going on, we need to look back at last week when the U.S. government shutdown began. The ADP employment report missed expectations by a wide margin, and the ISM business activity indices came in weak, showing figures nobody wanted to see. Yet even amid all this, the dollar remained resilient and even advanced on some days. This week, with no major reports or events released so far, the dollar continues to rise. As we've said in previous articles, if a market move is illogical, it's best to simply acknowledge that fact rather than try to explain it with generic phrases like "growth in risk-off sentiment" or "hawkish/dovish expectations." Market sentiment can change — but only specific triggers can explain such shifts. And last week, nothing really changed for the dollar. On Monday, news emerged about the resignation of yet another French Prime Minister — this time after only 27 days in office. On Tuesday, a car exploded near the residence of the now former PM Sebastien Lecornu. Along with Lecornu, Defense Minister Bruno Le Maire also resigned. In our view, there's nothing overly extraordinary about any of that. Consider how many times a political crisis has threatened to erupt in Germany. And in France, five prime ministers have come and gone over the last two years. As for Britain, no prime minister in the past decade has served a full term. So, an early resignation of a government official is not a political crisis. It's simply a reshuffling of leadership. Still, the market may price in the worst-case scenario, reacting to events of this nature even when logic says otherwise. No one can honestly say what the market is currently responding to, because the market is not a single entity but an aggregation of countless traders. We can only speculate. And based on that, we believe the so-called crisis in France has little to do with what's happening in EUR/USD. More likely, it's just a convenient excuse used to justify a move that doesn't need justification. Looking at the daily timeframe, note the price action from July 1 to the present. The EUR/USD may be in a range or consolidating. For comparison, the British pound has been stuck in a flat range for several months — something you can see on the daily chart as well. If this is indeed a flat phase, then there may be no need for news or data to justify declines in the euro. A flat is a period of accumulation or distribution, and price movement within it is 80–90% technical. We observed last week that the market largely ignored major events and economic releases. In other words, the market is not yet ready to resume selling the dollar, even if the fundamentals permit it. As of October 8, the average volatility in EUR/USD over the last five trading days stands at 65 pips, which is considered "moderate." On Wednesday, we expect the pair to fluctuate between the levels of 1.1610 and 1.1740. The higher linear regression channel remains pointed upward, indicating that the long-term uptrend is still intact. The CCI indicator has entered oversold territory, which may trigger the next wave of upward movement. Nearest Support Levels:S1 – 1.1658 S2 – 1.1597 S3 – 1.1536 Nearest Resistance Levels:R1 – 1.1719 R2 – 1.1780 R3 – 1.1841 Trading Recommendations:The EUR/USD pair continues to consolidate within a downward correction, but the broader uptrend remains intact across all higher timeframes. The U.S. dollar continues to be heavily impacted by Donald Trump's policies, particularly his refusal to "stop at what has already been achieved." The dollar has risen as much as it could over the past month, but now it appears to be time for a more prolonged drop. If price trades below the 20-period moving average, short-term sell positions are suitable as a purely technical play, with targets at 1.1658 and 1.1610. Long positions remain valid above the moving average, with upside targets at 1.1841 and 1.1902, continuing the trend. Chart Annotations:Linear regression channels help determine the current market trend. If both channels are aligned in the same direction, the trend is considered strong.The 20-period smoothed moving average defines the short-term trend direction and determines the preferred trade action.Murrey levels are used to set price targets for both trending and corrective phases.Volatility levels (marked with red lines) outline the likely price range for the next 24 hours based on recent volatility metrics.CCI (Commodity Channel Index): Readings below -250 or above +250 signal potential trend reversals.The material has been provided by InstaForex Company - www.instaforex.com

GBP/USD 5-Minute Chart Analysis On Tuesday, the GBP/USD currency pair remained under pressure, despite the fact that the political crisis in France has no direct connection to the UK. In recent days, the British pound has been clearly trading within a classic flat range, observable on both the hourly and daily timeframes. So, these abrupt upward and downward moves are not surprising. Ideally, we prefer to see the dollar decline and the pound rise, as most fundamental and macroeconomic indicators still support this scenario. However, over the past several months, the market has consistently demonstrated an unwillingness to sell the dollar aggressively. It's also possible that central banks may have started interventions aimed at suppressing the growth of European currencies — a possibility we can't rule out. From a technical standpoint, flat trading conditions are always troublesome for traders. If a flat range has clearly defined channel boundaries that the price consistently respects, then it's still possible to trade from level to level. But currently, no such clear boundaries exist. Yesterday, the pair broke through the 1.3420 level, which had previously acted as a ceiling, only to rebound back upward almost immediately. It was a false breakout. Overall, the current price action is not ideal for trading. On the 5-minute timeframe, two trading signals were generated. First, the pair broke below the 1.3420–1.3425 zone, but the subsequent drop was short-lived. Then, it consolidated back above the area, but the upward movement didn't last long either. In both cases, the price barely managed to move 20 pips in the intended direction. Volatility remains mediocre, as does the overall character of price action in the pair. Commitment of Traders (COT) Report COT reports for the British pound indicate that commercial trader sentiment has been fluctuating in recent years. The red and blue lines — representing the net positions of commercial and non-commercial traders — tend to intersect frequently and hover near the zero mark. Currently, they are almost at the same level, which reflects an approximately even number of long and short positions. The U.S. dollar continues to weaken due to the policies of Donald Trump. As such, current demand for the pound among large market participants is no longer a decisive factor. The trade war is expected to persist in one form or another for some time. Meanwhile, the Federal Reserve is likely to continue cutting interest rates over the coming year, which will likely further weaken the dollar in any case. According to the latest pound-related COT report, the "Non-commercial" group opened 3,700 new buy contracts while closing 900 sell contracts, resulting in a weekly increase in net long positions by 4,600 contracts. The British pound experienced significant gains in 2025, primarily due to the Trump administration's aggressive economic policies. Once this factor is removed, the dollar could resume an upward trajectory — but the timing remains impossible to predict. Whether net positioning for the pound is rising or falling is almost irrelevant at this point, as the dollar's positioning is declining faster either way. GBP/USD 1-Hour Chart Analysis On the hourly chart, GBP/USD continues to maintain its new upward trend. The trendline has been broken, so traders are justified in expecting the pair to continue moving higher. The dollar still lacks significant bullish catalysts, so we foresee a continuation of the 2025 uptrend under most scenarios. Last week, the pair bounced from a significant support at the Senkou Span B line, which triggered a correction. Since then, it has bounced off the key Kijun-sen line three times — confirming its technical strength. For October 8, we highlight the following important levels: 1.3125, 1.3212, 1.3369–1.3377, 1.3420, 1.3533–1.3548, 1.3584, 1.3681, 1.3763, 1.3833, and 1.3886. The Senkou Span B line at 1.3524 and the Kijun-sen line at 1.3425 can also act as potential sources of signals. Traders are advised to move Stop Loss orders to breakeven once the price moves 20 pips in the intended direction. Ichimoku indicator lines may shift throughout the day, which should be taken into account when identifying support, resistance, or trend confirmations. On Wednesday, no market-moving economic events are scheduled in either the UK or the U.S. As a result, traders will once again have little to react to. The FOMC minutes, which will be released in the evening, are widely regarded as a formal document and are unlikely to shift sentiment significantly. Trading RecommendationsOn Wednesday, traders may once again trade from the 1.3420–1.3425 area. However, bear in mind that the current volatility and trend structure are far from ideal. A flat range has clearly formed on both the hourly and daily timeframes. Chart NotesSupport and resistance price levels — thick red lines where price movements may end. These are not used as signal generators. Kijun-sen and Senkou Span B — Ichimoku indicator lines, transferred from the 4-hour timeframe to the hourly chart. These are considered strong reference lines. Extreme levels — thin red lines marking areas where the price has previously bounced. These can act as signal areas. Yellow lines — trendlines, trend channels, and other technical patterns. COT Chart Indicator 1 — shows the net positions held by different categories of traders. The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD 5-Minute Chart Analysis The EUR/USD currency pair remained under downward pressure throughout Tuesday. For the second consecutive day, the pair gravitated toward the downside. The political crisis in France remains the only noteworthy event so far this trading week, and we've already discussed that in earlier reviews. However, we do not believe this political development is significant or impactful enough to justify two days of sustained euro declines. In our view, the U.S. government shutdown carries far more weight in the eyes of traders. To be fair, the pair hasn't fallen too far — for two consecutive days, the 1.1657–1.1666 zone has halted the decline. Therefore, the newly formed uptrend technically remains intact, although the price continues to drift lower with each passing day. If the 1.1657–1.1666 range is broken, then from a technical perspective, further downside in the pair would be justified. The question remains: on what basis can the dollar grow right now? Last week, the dollar ignored most of the negative news. More accurately, it was the market that ignored these developments; traders did not capitalize on the opportunity to sell the dollar again. That's why we continue to view the current market movement as illogical and inconsistent with fundamentals. On the 5-minute timeframe, two trading signals were generated yesterday. During the night session, the price bounced from the Kijun-sen critical line. By the European open, the price had moved slightly away from the signal formation point, providing a chance for traders to go short. Later during the European session, the 1.1657–1.1666 range was retested, where the decline ended. This bounce could have been used as a buy signal, but euro growth never materialized by the end of the day. Volatility remained quite low. Commitments of Traders (COT) Report The latest COT report was dated September 23. As shown clearly in the chart above, non-commercial traders' net positions remained bullish for a long time. Bears briefly gained the upper hand at the end of 2024 but quickly lost it. Since Donald Trump began his second term as U.S. President, the dollar has been in steady decline. We cannot say with 100% certainty that the dollar's fall will continue, but current global events strongly suggest that outcome. We still see no fundamental drivers to support a stronger euro, but there are plenty of reasons for dollar weakness. The global downtrend remains intact, and at this point, it hardly matters what price trends looked like over the last 17 years. If Trump ends the trade wars, the dollar may begin to rise, but recent developments show that tensions are likely to continue in one form or another. A potential loss of Federal Reserve independence is another major bearish factor for the U.S. currency. The red and blue lines on the indicator still indicate a retained bullish bias. In the latest reporting week, long positions from the "Non-commercial" group decreased by 800 contracts, while short positions increased by 2,600 contracts. As a result, the net position fell by 3,400 contracts. EUR/USD 1-Hour Chart Analysis On the hourly timeframe, EUR/USD continues to form a downward movement, though it cannot yet be classified as a completed trend shift. The price remains sideways and has not broken through the 1.1750–1.1760 zone or the Senkou Span B line. We still don't see compelling reasons for significant dollar strength, and the price also remains above the 1.1657–1.1666 area. The daily chart indicates that the larger uptrend remains in place. For October 8, we highlight the following key trading levels: 1.1234, 1.1274, 1.1362, 1.1426, 1.1534, 1.1604–1.1615, 1.1657–1.1666, 1.1750–1.1760, 1.1846–1.1857, 1.1922, 1.1971–1.1988. Also watch Senkou Span B (1.1782) and Kijun-sen (1.1715). The Ichimoku indicator lines may shift throughout the day, so be aware of this when using them to evaluate signals. Don't forget to place your Stop Loss at breakeven once the price has moved 15 pips in the desired direction — this will help protect against false breakouts. On Wednesday, ECB President Christine Lagarde will deliver another speech in the Eurozone, but we do not expect anything new or impactful. She's already spoken about the inflation data, and the current level is acceptable to the ECB. Germany is set to release a minor industrial production report, while in the U.S., the minutes from the latest Federal Reserve meeting will be published. Trading RecommendationsOn Wednesday, traders can look to trade within the 1.1657–1.1666 zone. If this level is broken on the fourth or fifth attempt, short positions become valid with a target of 1.1604–1.1615. If the price bounces again from this level, long positions can be considered, aiming for 1.1715 and 1.1750–1.1760. Chart NotesSupport and resistance price levels — thick red lines where price movements may end. These are not used as signal generators. Kijun-sen and Senkou Span B — Ichimoku indicator lines, transferred from the 4-hour timeframe to the hourly chart. These are considered strong reference lines. Extreme levels — thin red lines marking areas where the price has previously bounced. These can act as signal areas. Yellow lines — trendlines, trend channels, and other technical patterns. COT Chart Indicator 1 — shows the net positions held by different categories of traders. The material has been provided by InstaForex Company - www.instaforex.com

Intercontinental Exchange, the same company that owns the New York Stock Exchange, is betting big on the future of prediction markets. ICE is investing up to $2 billion into Polymarket, a blockchain-powered platform that lets users bet on real-world events. That puts Polymarket’s valuation around $8 billion before any of this money even hits the table. From Wall Street to What’s Going to Happen Next Polymarket isn’t your typical trading platform. Instead of buying stocks or crypto, users wager on things like election outcomes, celebrity drama, or even sports results. The site had to pull out of the U.S. for a while after regulators questioned its legal status. However, with ICE’s backing, Polymarket is now preparing to reintroduce itself to American users. Why Is ICE Doing This? ICE clearly sees more than just a curiosity here. It plans to use Polymarket’s event data to build what it calls “sentiment indicators.” These are based on how people are betting and could be used by institutional traders to gauge the mood around certain topics or events. ICE says this won’t have any serious impact on its 2025 earnings, but it could quietly change how it collects and sells data. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in October2025 Wall Street Reacts Quickly Right after the news went public, ICE stock jumped nearly 4 percent in early morning trading. That reaction suggests investors think this move could pay off, especially as the lines between financial markets and alternative betting keep getting blurrier. Market Cap 24h 7d 30d 1y All Time Other platforms operating in this gray zone are now probably paying close attention to how this all plays out. The Rules Still Matter Polymarket didn’t have the easiest time when it first launched. It got in trouble with U.S. regulators for running what they viewed as an unregistered derivatives operation. That forced the company to block U.S. users and scale things back. If it’s coming back now, it’ll need a far more careful legal setup. ICE has the resources and experience to help with that, but it still means jumping through regulatory hoops. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What This Could Mean for ICE Long Term This deal pulls ICE into new territory. It’s still in finance, but prediction markets are a different kind of beast. They run more like public opinion platforms than stock exchanges. If Polymarket manages to thrive under ICE’s umbrella, it could open the door to a whole new category of event-driven data products. That would give ICE a leg up in a space that’s been mostly experimental so far. What to Watch Moving Forward Now that the deal’s out, the next steps will show how serious ICE and Polymarket are. Will they manage to relaunch in the U.S.? Will they introduce new types of betting markets? Will this approach attract big users, or just niche gamblers? These are the questions that will determine if this investment becomes a game-changer or fades into the background. Keep an eye on how both crypto and traditional markets respond. This could be the beginning of a new kind of finance. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways ICE is investing up to $2 billion in Polymarket, valuing the blockchain-powered prediction platform at around $8 billion before the funds are even deployed. Polymarket lets users bet on real-world events like elections and sports, and ICE’s backing could help it return to the U.S. market after past regulatory issues. ICE plans to use Polymarket’s betting data to create sentiment indicators for institutional traders, adding a new layer to its data products. ICE stock jumped nearly 4 percent after the news broke, signaling investor confidence in the potential of prediction markets. The deal pushes ICE into a new space that blends finance with event-based betting, positioning it to lead in a growing alternative data market. The post Intercontinental Exchange (ICE) Drops $2 Billion on Polymarket in Surprise Bet on Prediction Platforms appeared first on 99Bitcoins.

Hyperliquid (HYPE) extended its pullback for a fifth straight session on Tuesday, sliding about 6% intraday to the $45–$46 zone after a sharp rejection at a reclaimed trendline. While near-term momentum has flipped bearish, several on-chain and market-structure cues still point to a potential rebound toward $55–$60 if buyers can quickly stabilize the price above key supports. Derivatives Tilt Bearish, but Spot Holds the Line Futures positioning has swung defensively, and according to Coinglass, the long-to-short ratio slipped to 0.80, its lowest in over a month, signaling traders are leaning short into weakness. Momentum indicators echo the caution, daily RSI near 45 sits below the neutral 50 line, and MACD registered a bearish cross, both consistent with cooling trend strength. Technically, HYPE failed a back-test of a broken ascending trendline and bled nearly 7% from Friday to Monday, with charts flagging $39–$40 as the next major support if selling accelerates. On the upside, $51–$52 is first resistance, where bulls likely meet clustered supply from recent breakdown levels. Why Hyperliquid (HYPE) Bulls Still See $55–$60 on the Table Despite the red prints, spot activity remains constructive. Hyperliquid has been defending the mid-$40s repeatedly, and prior consolidations above $45–$47 have preceded strong continuation moves. Under the hood, token staking north of 660,000 HYPE ($30million) plus systematic buybacks are reducing circulating supply, creating a supportive backdrop when demand returns. Meanwhile, protocol fee revenue around $3million/day underscores durable usage even as new perp-DEX competitors court volume with incentives. Community and analyst “fair-value” chatter continues to cluster around $55–$60, suggesting sentiment will likely flip quickly if price reclaims the short-term breakdown area. Price Levels and Trade Map for the Week The immediate trading point sits in $44–$49. A daily close back above $49 would neutralize the breakdown and open $52, then $55–$60 as momentum targets. Failure to hold $46–$47 invites a retest of $44, with a deeper flush risking the $39–$40 demand zone where dip-buyers may step in. Market internals to watch: if funding stays orderly, liquidations remain contained, and spot-led buying outpaces leveraged shorts, the probability of a V-shaped recovery rises. Macro context matters too. Perp-DEX market share is expanding industry-wide, and while rivals (e.g., Aster) have temporarily siphoned volumes, Hyperliquid still commands strong open interest and fee traction, key indicators of stickier liquidity. Cover image from ChatGPT, HYPEUSD chart from Tradingview