Redator

BNB has cleared the $1,050 mark with a strong cup-and-handle breakout, putting bulls firmly in the driver’s seat. The next big question: can momentum carry the token toward the $1,100 target? BNB Breaks $1,050, Extending September Momentum Crypto analyst Cipher X, in a recent update, emphasized that BNB has officially broken through the $1,050 mark, locking in yet another key milestone following its impressive September rally. The surge has not only reaffirmed the strong bullish momentum behind the asset but also positioned it as one of the standout performers in the market. Looking ahead, Cipher X pointed out that the next major focus lies on the $1,100 resistance zone. A decisive breakout above this point could pave the way for even greater upside into Q4, strengthening the narrative of BNB entering a new leg of its rally. With market sentiment leaning positive, the price action over the coming days will be crucial in confirming whether the momentum can move forward without major setbacks. On the flip side, support remains well-established around $1,000 and $900, levels that provide a strong safety cushion for bulls should the market experience a pullback. These zones have historically held firm and could act as reliable springboards for fresh upward moves. For now, the balance of power is clearly with the buyers, and unless unexpected volatility disrupts the trend, BNB seems poised to continue pressing higher into the new quarter. Cup and Handle Formation Signals Strength Earlier, market analyst Kamran Asghar highlighted a notable setup forming on the BNB 4-hour chart in a post on X. He observed that BNB was developing a classic Cup and Handle formation, a technical pattern often associated with bullish continuation and breakout potential. Such a setup, when confirmed, tends to signal that the market has been consolidating before building enough momentum to push higher. Asghar stressed that the key level to watch is the $1,030 neckline resistance, which acts as the ceiling for the token’s upward momentum. A clean breakout and strong close above this resistance would validate the pattern and likely invite additional buying pressure. Should the breakout succeed, Asghar projected that BNB could quickly extend toward the $1,100+ region, opening doors for even larger gains if bullish sentiment sustains. However, until that confirmation arrives, he advised caution, noting that any failure to overcome the neckline might trigger short-term pullbacks as the asset consolidates further. This makes the coming sessions crucial in determining the altcoin’s next directional move.

Metals are loving everything about this year’s trading, with most of them posting their best yearly performances since the early 2010s. A combination of drivers continues to fuel the rally: a weaker US Dollar weighed down by the Trump administration’s tariffs and tense international relations, alongside FED cuts and questions over the central bank’s independence. Add to that the ballooning government debt and an expanding money supply, and the stage is set for commodities — particularly metals — to keep outperforming. Dollar Index and Metals comparative Performance in 2025 – October 3, 2025 – Source: TradingView The latest US Government shutdown, has only piled further pressure on fiat confidence (particularly the dollar against which all metals are priced) and given another leg higher to an already powerful move. Silver is now trading above the January 1980 highs and sits barely $1.50 away from its all-time peak set in April 2011, back when the first round of Quantitative Easing reshaped the post-crisis market landscape. Gold, too, keeps stretching to uncharted levels. And with no real catalysts pressing metals lower — even strong GDP data that delayed 2026 cut expectations failed to dent momentum — the bias remains firmly upward. We’ll turn to some key charts (short-term and long-term) to see just how extended this run might get for both Silver and Gold. Read More:Cryptocurrencies are loving the rally in Bitcoin – Crypto outlookThe Dow Jones reaches 47,000 and breaks its Rising WedgeNZD leads G10 as Dollar weakness and China data boost sentimentThe current Gold pictureGold (XAUUSD) Daily Chart Gold (XAUUSD) Daily Chart, October 3, 2025 – Source: TradingView Trying to predict where this ongoing rally can stop is suicide, particularly as global central banks and Market participants rush to get some gold. Many assets could look inflated, but with Money Supply almost tripling since 2008, de-globalization and global conflicts, the Gold rally makes sense. The progress had been relatively consistent throughout this cycle, but the acceleration of prices since FED's Powell Jackson Hole speech has revamped the rally to a new speed. One key observation to make is how important the psychological levels are for Gold, with the metal initially stopping at $3,500 before consolidation, and then seeing session highs right around flat numbers (like the current highs at $3,895). Gold (XAUUSD) 4H Chart and levels Gold (XAUUSD) 4H Chart, October 3, 2025 – Source: TradingView Gold is up 17% in just a bit more than three months, with the current move showing a tight bull channel. Momentum seems to be stalling a bit, but before real sellers enter the market, fading such a squeeze can be painful. Look at the 4H RSI really falling below the neutral line and prices moving below the 50-period MA ($3,820) before assuming any fall. For bulls, look at a breakout above the session highs which would get confirmed above $3,905. Watch for a potential measured-move which may stall movement a bit around $3,950. Levels of interest for Gold trading:Support: Micro support $3,620 to $3,630Previous ATH and now long-term Pivot around $3,500 (+/- $15)Previous Range Highs $3,400 to $3,450 (minor support)$3,300 Major Support$3,000 Main psychological levelResistance and potential technical targets (due to all-time highs, can only use potential targets): Current Highs resistance at 2015-2020 Fib-Extension $3,800 to $3,900All-time highs Highs $3,897Fibonacci-Extension 1 from 2018 lows and measured-move ($3,950)Potential, Fibonacci-Extension 2 $4,100 (still far)Now, let's take a look at Silver which is on pace to break new recordsSilver historic chart – Taking a look at its price movement since the 1970s Silver (XAG/USD) 3M Chart – From 1970 to today, October 3, 2025 – Source: TradingView Silver has been in the middle of three huge prices spikes: 1980, with a $48 record (US Stagflation that marked the end of the Long Boom)2011, with the currently stanbding $49.81 all-time highsThe current cycle, with the daily highs at $48.31 The preceding spikes were much more rapid: Looking closer, they got accentuated by gaps and lack of liquidity. Liquidity is never at its optimum when suppliers compete to rise the price of their niche product. But this year's rise seems more related to extremely elevated money supply and governmental debt rather than a lack of supply. A story to monitor for following years. It is essential to keep an eye on the upcoming price action as prices try to breach the 2011 record. Silver (XAGUSD) 4H Chart and levels Silver (XAGUSD) 4H Chart, September 18, 2025 – Source: TradingView A profit-taking move yesterday attempted to retrace prices, but momentum came right back with the ongoing rally (short-timeframe). The daily session marks a 3% performance and the metal is now entering the $2 long All-time high resistance. If sellers fail here, there won't be much to retain prices from reaching the $50 mark. For higher levels from here, look around $52 and $55 but price discovery and positioning should guide flows more. Levels to watch for Silver (XAG) trading: Resistance Levels: $48 1980 highs (broken!)$48 to $49 All-time High resistance$50 psychological level$52 to $55 price discoverySupport Levels: $46.45 April 2011 pivot$43 to $44 higher timeframe pivot/support$38.75 to $39 Key levels2012 Highs Support around 37.50 Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier 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.

Week in review A week that seemed like it might be a busy one from a data perspective did not deliver. Markets were braced for US jobs numbers and the NFP report which never arrived after the US congress failed to agree on funding. This led to a Government shutdown, something which occurred during the first Trump administration as well. Since the official government jobs report was delayed, some people turned to the ADP employment estimate instead, a report that measures only private-sector jobs. This report, which is sometimes unreliable compared to the official data, was quite negative this week. It showed that the US private sector lost 32,000 jobs in September. Source: Macrobond, ING As things stand markets continue to fully price in a rate cut at the Fed's October meetings with a December rate cut also priced in at around a 90% probability. The current government shutdown and the resulting lack of new economic data probably won't change this long-term debate. As long as the shutdown doesn't last for an extremely long time, the affected government workers will receive all their missed pay, meaning there should be very little permanent damage to the economy. The only uncertainty is whether the threats of widespread layoffs will actually happen. So How did the Markets Perform? On Friday, the major Wall Street stock indexes hit new record highs during the trading day. This continued strong rally is notable because it's happening even as the federal government shutdown enters its third day, making the economic outlook unclear due to missing data. The positive mood in the market is being helped by excitement over Artificial Intelligence (AI), and investors seem unconcerned since markets have generally ignored shutdowns in the past. According to the most recent survey of individual investors (AAII): Bullish sentiment (the belief that stocks will rise) increased to 42.9%. This is above its historical average for the third time in nine weeks, showing growing optimism.Bearish sentiment (the expectation that stocks will fall) remained unchanged and has been above its historical average for almost all of the past 35 weeks, indicating lingering caution.Neutral sentiment (the belief that stocks will stay the same) fell to 17.9%. This number has been well below its long-term average for over a year, meaning very few investors currently believe the market will simply remain flat.US Indices were all on course for another week of gains. The Nasdaq 100 is on course for gains of around 1.20%, the Dow Jones is up 0.94% and the S&P 500 is eyeing gains of 1.16%. In Europe and Asia the story was similar as they tracked gains from Wall Street. The STOXX 600 is set for its biggest weekly jump since April.The IBEX was ending the week strong, trading up around 0.98% on Friday. Cross Asset Performance for the Week Source: TradingView How has the US Dollar Reacted? The US dollar pulled back on Friday and is expected to finish the week with losses against several major currencies. Leading this trend, the euro rose 0.2% against the dollar to $1.1739, putting it on track for its best weekly performance in a month. This strength in the euro caused the overall dollar index (which tracks the dollar's value against key currencies) to drop 0.1% to 97.72, setting it up for its worst weekly result since July. The dollar also weakened against the Swiss franc, falling 0.3% and heading for its biggest weekly drop since mid-August. Similarly, the dollar slid against the British pound, which rose 0.3% and is poised for its largest weekly gain since August. The dollar's decline accelerated after new data showed that the US services sector growth stalled in September due to a sharp drop in new business. Meanwhile, the Japanese yen pulled back from the strong gains it made earlier in the week as traders looked ahead to a major political election this weekend and tried to predict the next move by the Bank of Japan. In commodity markets, gold prices rose and stayed near their record highs, on track for their seventh straight weekly gain. Finally, oil prices rose on Friday but are still heading for a large weekly loss of 7% or more, following reports that OPEC+ might increase its supply. The Week Ahead Next week is a quiet week from a data perspective and may be welcomed by market participants. Obviously the US shutdown is not ideal, but after a busy few weeks of data releases and with earnings season around the corner, market participants may welcome some calm before a potential storm in Q4. Let us take a look at what may move markets from a data perspective next week. Asia Pacific Markets Since Chinese markets are currently closed for the long Golden Week holidays (they won't reopen until next Thursday), the usual economic reports on inflation and trade will be delayed by a week. Therefore, the main focus for now will be on reports detailing how much people traveled and spent money during the holiday period. It is also possible that the data on China's total new loans and credit (aggregate financing) could be released later in the week. It is a quiet week in Japan with a speech by Governor Ueda the main highlight after the elections this weekend. For more information on the Japanese elections and the Yen, please read USD/JPY Price Outlook: Key Levels, BoJ, and Political Risks. Attention will turn to the Reserve Bank of New Zealand rate decision on Wednesday. Markets are expecting the Reserve Bank of New Zealand (RBNZ) will lower its interest rate by 0.25% on October 8th, which is what most experts and market pricing currently expect. US Government Shut Down, Euro Area & UK Data The main issue next week is the government shutdown in the U.S. Depending on how long it lasts, market participants might not receive many official economic reports. Even if an agreement is reached soon, it will take time to get workers back and release schedules back on track. Reports that could be delayed next week include the trade balance, weekly jobless claims, and inventory numbers. Despite this, the Federal Reserve (Fed) will still release the minutes from its September meeting (on Wednesday), where they cut rates by 25 basis points. We will also get the August consumer credit data and the initial October consumer sentiment index from the University of Michigan. Consumer spending is currently stable, but confidence has already fallen sharply this year due to a weaker job market and worries about how tariffs are driving up prices. With millions of federal workers facing missed paychecks or permanent layoffs due to the shutdown, it is unlikely that consumer confidence will improve. A quiet week for the Euro Area and the UK as well from a data perspective. The EU will release retail sales before we get a speech by ECB President Christine Lagarde. In the UK the main highlight of the week comes from a speech by Bank of England (BoE) Governor Bailey. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Week - US Dollar Index (DXY) This week's Chart of the week is the US Dollar Index (DXY) From a technical perspective, the DXY continues to hug on to a key area of support around the 97.70 handle. Any attempt to push higher by DXY bulls is facing a challenge with the 100-day MA resting at the 98.19 handle. A move beyond that handle may find resistance at 99.58 before the psychological pivot level at 100.00 comes back into the discussion. A move lower may find support at the swing low around the 97.20 handle before the 96.90 and YTD low 96.37 handles come into focus. US Dollar Index (DXY) Daily Chart - October 3, 2025 Source:TradingView.Com (click to enlarge) Safe Trades. Follow Zain on Twitter/X for Additional Market News and Insights @zvawda 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.

For GBP/USD, the wave structure continues to indicate the building of an upward wave pattern, and it has not changed over the past week. The pound has fallen too much recently, so the trend segment that began on August 1 now looks ambiguous. The first idea that comes to mind is a complication of the assumed wave 4, which could take the form of a three-wave structure, with each of its subwaves also made up of three smaller waves. In this case, a decline toward the 1.31 and 1.30 levels should be expected. However, if this assumption is correct, then the euro would also decline, and consequently its wave structure would undergo certain changes as well. At this time, I do not see any alternative scenarios with a clear structure. The news backdrop has significantly interfered with the realization of the most straightforward scenario. It should be remembered that at the moment much in the currency market depends on Donald Trump's policies. The market fears Fed policy easing due to pressure from the U.S. president, while Trump himself has introduced a new package of tariffs, pointing to the continuation of the trade war. Therefore, the news backdrop remains unfavorable for the dollar. The GBP/USD exchange rate rose by 30 basis points on Friday, and at this point one may ask: is that all? Recall that everything this week went against the British currency. The ISM Manufacturing PMI came in above market expectations, but still below the 50.0 threshold. The ADP employment report showed a negative figure. The Nonfarm Payrolls and unemployment rate reports did not come out on Friday, but they almost certainly would not have shown strong results. On Tuesday, the U.S. entered a government shutdown, and on Friday the Services PMI dropped from 52.0 points to 50.0. Was there even one report that could have boosted the U.S. dollar? And yet, for example, yesterday demand for the dollar grew for most of the day. During the rest of the week, dollar demand rarely fell, and for the most part, the market moved sideways. Consequently, almost all of this week's reports and events were not priced in by the market. In my view, this indicates that the market is currently guided not by economic statistics but by something else. Let me remind you that even if we abstract from this week's events, the Fed is still likely to cut rates twice more before the end of the year, although earlier the market expected a total of two rounds of easing only in 2025. The U.S. labor market shows no signs of recovery. Other economic indicators also continue to decline. And the most important reports — Nonfarm Payrolls, unemployment rate, and CPI — will not be released at all this month. I believe the GBP/USD exchange rate should already be a couple of figures higher than current levels. General conclusions. The GBP/USD wave structure has shifted. We are still dealing with an upward, impulsive trend segment, but its internal wave structure is becoming unreadable. If wave 4 develops into a complex three-wave pattern, the structure will normalize, but even then wave 4 will be far more complex and extended than wave 2. In my view, the best point of reference now is 1.3341, which corresponds to 127.2% on the Fibonacci scale. Two failed attempts to break this level indicate the market's readiness for new buying. Targets for the pair remain no lower than the 1.38 level. The larger-scale wave structure looks almost perfect, even though wave 4 went beyond the high of wave 1. However, I remind you that perfect wave structures exist only in textbooks. In practice, everything is much more complicated. At the moment, I see no reason to consider alternative scenarios to the upward trend segment. The main principles of my analysis: Wave structures should be simple and clear. Complex structures are hard to trade and often lead to changes.If you are not confident about what is happening in the market, it is better to stay out.One can never have 100% certainty about market direction. Do not forget about protective Stop Loss orders.Wave analysis can be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

The Dogecoin price is showing strength after it held support levels. Analyst Daan Crypto Trades shared a chart on X, stating that the coin appears ready for a higher move. The price has been moving up slowly and in a choppy way since the April lows. If Dogecoin maintains this trend, it could surge toward $0.4 soon. Many traders are watching the chart and waiting to see if the coin can keep this setup for longer. Dogecoin Price Holds Key Support With Higher Lows Daan Crypto Trades points out on the chart that Dogecoin held where it needed to. The price stayed above the critical moving averages on the daily chart, including the 200-day EMA and the 200-day MA. The coin made a higher low, which is a basic sign that buyers are active. According to the analyst, the price movement in Dogecoin resembles that of other major coins. Many large coins have been moving similarly since the lows in April. This slow and choppy rise shows Dogecoin is following the same path as larger coins in the market. The steady steps up can seem slow, but they often lead to a more decisive move. The higher low matters because it indicates that sellers are weaker than they were before. Each drop stops at a higher level than the last. Buyers step in at these higher spots and push the price up again. The steady action could help Dogecoin build a base for a bigger move and Daan Crypto Trades believes this base is forming now as illustrated on the chart above. Traders will watch to see if the price holds above the key moving averages and the new higher low. If the coin stays above these marks, the path to the next target looks clear. Analyst Sees Path Toward $0.4 If Trend Continues Looking ahead, the analyst predicts that Dogecoin is poised to reach $0.40 if the current trend continues. Although slow, Daan Crypto Trades says each small gain adds strength to the trend, and Dogecoin must continue to make higher lows and higher highs to build and sustain momentum that could lead to a larger push higher. The chart shared by Daan Crypto Trades illustrates the upward trend and highlights the key moving averages positioned below the price. If buyers continue to defend these levels, the coin may gain momentum and attempt to reach $0.4. Daan Crypto Trades advises patience, as the rise can be slow, but a steady pattern can lead to a more decisive move. The analyst’s message is that Dogecoin needs to hold these levels above the critical moving averages on the daily chart, and a push to $0.40 could follow soon thereafter.

The wave structure on the 4-hour chart for EUR/USD has remained unchanged for several months, but in recent days it has started to take on a rather complicated shape. It is still too early to conclude that the upward trend segment has been canceled, but further complication of the wave pattern in the near future is quite possible. The upward trend segment continues to build, while the news backdrop mostly favors currencies other than the dollar. The trade war initiated by Donald Trump continues. The confrontation with the Fed continues. The market's "dovish" expectations regarding the Fed's rate are growing. The market has a rather low opinion of Donald Trump's first 6–7 months in office, even though economic growth in Q2 was nearly 4%. At present, it can be assumed that impulse wave 5 is still forming, with potential targets extending up to the 1.25 level. Within this wave, the structure is fairly complex and ambiguous, but its larger scale does not raise major questions. Currently, three upward waves are visible, which means the pair is in the process of building wave 4 within wave 5. This wave is taking the form of a three-wave correction and may already be complete. A stronger decline in prices would require adjustments to the current labeling. The EUR/USD exchange rate barely moved on Friday, just as it has all week. The British pound at least moved somewhat, but the euro has been firmly stuck in place. The most interesting part is that it got stuck precisely at a time when the news flow was shaking the market almost daily. Perhaps "shaking" is not quite the right word, but admit it: a government shutdown + ADP report + lack of unemployment and Nonfarm Payrolls reports + inflation report — all of these are serious reasons to trade more actively, at least a little. But trading this week was practically nonexistent. For obvious reasons, the wave structure has not changed in the past 5 days. Therefore, my conclusions can only be based on wave analysis for now. And that still points to a rise in the euro. The news backdrop this week also supported buyers, since the U.S. labor market once again showed very weak results. This time, the assessment could only be based on the ADP report, which is considered less significant than the Nonfarm Payrolls release. Based on the factors outlined above, I did not expect and do not expect the U.S. dollar to strengthen, as its position continues to deteriorate. Now it is unclear when the shutdown will end, unclear what the labor market data for September and October will look like, unclear whether unemployment is rising, and even the mid-month inflation report is at risk. General conclusions. Based on the EUR/USD analysis, I conclude that the pair continues to build an upward trend segment. The wave structure still depends entirely on the news backdrop — Trump's decisions, as well as the foreign and domestic policies of the new White House administration. The targets of the current trend segment could extend as far as the 1.25 level. At present, a corrective wave 4 is unfolding, which may already be complete. The upward wave structure remains intact. Therefore, in the near term I am considering only long positions. By year-end, I expect the euro to rise to 1.2245, which corresponds to the 200.0% Fibonacci level. On a smaller scale, the entire upward trend segment is visible. The wave structure is not the most standard, since the corrective waves differ in size. For example, the larger wave 2 is smaller in size than the internal wave 2 of wave 3. But such cases also happen. I remind you that it is best to identify clear structures on the charts rather than to force every wave into the count. The current upward structure raises virtually no questions. The main principles of my analysis: Wave structures should be simple and clear. Complex structures are hard to trade and often change.If you are not confident about what is happening in the market, it is better to stay out.One can never have 100% certainty about market direction. Do not forget about protective Stop Loss orders.Wave analysis can be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

Today, the NZD/USD pair is attracting new buyers. The U.S. dollar attempted to extend its rebound from the weekly low reached the day before, which became the main factor limiting the pair's upside. However, the rebound attempt was unsuccessful. In addition, growing expectations of an interest rate cut by the Reserve Bank of New Zealand (RBNZ) are restraining traders from actively buying the New Zealand dollar. In this context, it is worth exercising caution before relying on a continued recovery of the pair, which began from the 0.5750 level — the September low, also seen back in April.That said, significant strengthening of the U.S. dollar now seems unlikely due to forecasts of two rate cuts by the Federal Reserve before the end of the year. Additional pressure comes from the prospect of a prolonged U.S. government shutdown, which could negatively affect economic performance and limit dollar growth. U.S. Treasury Secretary Scott Bessent has warned of potentially serious consequences of the shutdown for GDP, economic growth, and the labor market. Meanwhile, prevailing risk appetite and optimism in global equity markets reduce the attractiveness of the U.S. dollar as a safe-haven currency in the Pacific region, which supports the risk-sensitive New Zealand dollar. As a result, the NZD/USD pair is showing growth potential for the first time in three weeks, though the unstable fundamental backdrop still leaves room for caution in expecting further upward movement. From a technical perspective, oscillators on the daily chart remain negative, and the pair has not yet broken through resistance at the 200-day SMA, currently located at 0.5845. This suggests that a sustained global uptrend is not yet possible. The material has been provided by InstaForex Company - www.instaforex.com

Today, gold is attracting buyers again, while the dollar has shown weakness during the day despite positive PMI data.On Tuesday, U.S. Treasury Secretary Scott Bessent warned that a government shutdown could inflict more significant damage on the economy than previously thought, weighing on GDP, economic growth, and the labor market. However, traders remain optimistic, expecting the effects of a partial shutdown to be limited. This optimism fueled new record highs on Wall Street and continues to support positive sentiment in the stock markets. This acts as an additional factor reducing demand for gold as a safe-haven asset, although a large-scale corrective decline has not yet been observed. Expectations that the Federal Reserve will cut interest rates twice — in October and December — have strengthened after a weak ADP private-sector employment report released on Wednesday. This weighs on the dollar and continues to support gold. At the same time, the U.S. is reportedly set to provide Ukraine with intelligence to support long-range missile strikes on Russian energy infrastructure. President Donald Trump approved this decision, and U.S. officials are urging NATO allies to follow suit. Geopolitical risks are boosting demand for the precious metal, as it serves as a safe-haven asset. Important U.S. macroeconomic data scheduled for the start of the new month — including NFP, the non-farm payrolls report — has been delayed due to the government shutdown. Nevertheless, speeches from influential FOMC members could stimulate demand for the U.S. dollar, giving short-term momentum to the XAU/USD pair heading into the weekend. From a technical perspective, the RSI (Relative Strength Index) on the daily chart is in overbought territory, confirming price consolidation. Any decline will be viewed as a buying opportunity, limited to the $3820–3819 level. But a break below the key $3800 level would open the way to more significant losses. On the other hand, resistance now lies at the historical high around $3896. Buying above the round $3900 level would be perceived as a new trigger for the bulls, creating conditions for the continuation of the recent well-established uptrend. The material has been provided by InstaForex Company - www.instaforex.com

After months of uncertainty and sideways trading, fresh technical analysis suggests that Bitcoin (BTC) may have finally exited its bear trap phase. A leading crypto pundit indicates the market has entered a classic cycle of emotions, transitioning from fear to optimism. If this trend continues, the next phase could spark a major rally, with altcoins set to explode. Bitcoin Bear Trap Ends, Altcoins Next Crypto analyst Ardizor posted on X social media on Wednesday that Bitcoin has officially reached the end of its bear trap stage. He argued that the recent downturns were not signs of further collapse but a final shakeout before the next stage of the cycle. To support his view, the crypto expert shared a chart illustrating the classic psychology and emotional transitions of a market cycle. From early momentum building to euphoric peaks and painful capitulation, the chart identifies where traders currently stand in the market. Ardizorn’s chart also emphasized that the declines and false breakdowns that rattled investors and caused extreme fear in recent weeks have concluded, and now, the market is at the stage of “renewed optimism.” Interestingly, this shift has led the analyst to believe that altcoins could soon start outperforming as traders rotate their capital from BTC. Based on this trend, Ardizor boldly predicts that altcoins will explode next, with many potentially reaching new all-time highs. His outlook is reinforced by another market analyst, Mister Crypto, who argues that September was merely a bear trap for Bitcoin, and that October, often dubbed “Uptober” in trading circles, will spark a new bullish phase, with altcoins poised to outperform dramatically. Adding further weight to the bullish case, crypto expert Jelle pointed out that both of Bitcoin’s last two cycles lasted exactly 1,064 days. If history repeats, the current cycle could peak around October 27, giving altcoins extra room to perform strongly into late November. Altcoin Season On The Horizon With the broader altcoin market already recovering from past declines, market analyst Chiefy paints a similarly bullish picture for these assets in 2025. His chart demonstrates a series of breakouts, each marking a significant surge in altcoin valuations relative to Bitcoin. According to the crypto expert, altcoins could reach their breakout stage on October 5, ushering in what he calls “the biggest altseason in history.” The analyst’s chart highlights past breakout points that have multiplied prices by 120x, 175x, and 150x, with the next stage projected to reach as high as 200x. This exponential growth pattern mirrors what traders witnessed in previous cycles, reinforcing the idea that the crypto market trends to rhyme, if not repeat. Chiefy has stated that the unfolding altcoin season could push prices to new ATHs and deliver massive opportunities for traders. He highlighted that, after months of consolidation and endless shakeouts, the market momentum has officially shifted toward a clear uptrend phase, with low-cap cryptocurrencies poised to kick off rallies. According to him, back in 2017 and 2021, traders who accumulated altcoins in this stage saw life-changing gains.

NZD was the strongest G10 currency last week, supported by USD weakness, improved global risk sentiment, and stronger-than-expected Chinese PMI dataMarkets expect the RBNZ to cut rates by 25 bp on October 8, though some investors are pricing in a deeper 50 bp move after weak Q2 GDP (-0.9%) and declining PMI readingsNZD/USD rebounded to 0.582–0.584 after a weak Q3 This week, the New Zealand dollar was the strongest currency among the G10 against the US dollar. This move was not accidental – NZD benefited from the broad weakness of the USD, improved investor sentiment on global markets, and positive signals from both the domestic economy and China, New Zealand’s key trading partner. NZDUSD, daily interval, source: TradingView Labor Data in US Weakens Dollar The main driver for developed market currencies was the shift in expectations regarding the Federal Reserve’s monetary policy. More and more investors expect that the Fed will cut interest rates for the second time in a row in October. These expectations were reinforced by weaker ADP labor market data and uncertainty linked to the partial government shutdown in the US. Due to the administrative paralysis, the September nonfarm payrolls report has not been published yet. The prospect of a softer monetary policy created strong downward pressure on the US dollar, opening the way for other currencies, including NZD, to rebound. Additionally, optimism in the stock markets, with US indices hitting new record highs, boosted risk appetite. This environment traditionally favors commodity-linked currencies such as the New Zealand dollar. Stronger Chinese Economy and Local Stabilization NZD also gained support from stronger-than-expected data in China. September’s Caixin PMI indexes beat expectations – manufacturing rose to 51.2 points and services to 52.9 points. For New Zealand, whose economy heavily relies on exports to China, this was particularly positive news. Domestically, the ANZ Business Outlook survey showed the highest level of business activity expectations in five months, while consumer sentiment also improved. Although the outlook for another RBNZ rate cut still weighs on the medium-term potential of the currency, short-term local data helped reduce pessimism toward NZD. RBNZ Ahead of Key Decision The Reserve Bank of New Zealand will meet on October 8, with the market consensus pointing to a 25 bp rate cut to 2.75%. There is also the possibility of a deeper cut – around 32 bp – as two members previously voted for a 50 bp reduction in August. Implied Overnight Rate & Number of Hikes/Cuts, source: Bloomberg Arguments for a Cut Recent data confirm that the New Zealand economy is weakening. GDP in Q2 fell by 0.9%, much worse than expected (-0.2%) and than the central bank’s own forecast (-0.3%). The largest declines were seen in manufacturing (-3.5%), construction (-1.8%), and exports (-1.2%). PMI data also signal contraction – manufacturing at 49.9 points and services dropping sharply to 47.5 points. New Zealand GDP Growth Rate, source: Trading Economics Key Data Ahead Upcoming releases will be crucial for further policy decisions: Q3 inflation (October 19) and employment data (November 4). Forecasts suggest inflation will remain close to RBNZ expectations – 2.9% y/y in Q3 and 2.8% in Q4. From December 1, Anna Breman, currently Deputy Governor of the Riksbank and considered dovish, will take over as Governor of the RBNZ. Markets are already partially pricing in the possibility of a softer policy stance under her leadership. NZD Outlook After a weak third quarter, when it lost nearly 5% against the USD, the New Zealand dollar has regained ground. NZD/USD ended the week around 0.582–0.584, marking its fifth consecutive session of gains. Short-term pressure may return if some RBNZ members push again for a 50 bp cut. However, there is a good chance that NZD/USD will reach the 0.60 level in the coming months – driven not only by US dollar weakness but also by expectations of improved global investor sentiment. 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.

Investors looking to ride the artificial intelligence wave should combine traditional tech exposure with commodities, according to Bank of America Corp. (BofA) strategists. The bank highlights that the rapid buildout of AI-driven data centers is fueling demand for energy and raw materials, particularly copper. AI’s growing appetite for copper “Artificial intelligence devours commodities,” wrote BofA’s team led by Michael Hartnett. The strategists argue that owning commodities stocks offers a cheaper, more diversified way to gain exposure to the AI boom compared to expensive mega-cap tech names. With miners already outperforming big tech benchmarks, BofA sees the sector as a beneficiary of the AI-driven demand surge. Copper, a critical input in power cables, electric vehicles, and renewable energy, is emerging as a linchpin for the AI boom. BloombergNEF forecasts a global copper shortage of 6 million tons by 2035, with demand growth increasingly tied to data centers. AI-related copper use is set to average 400,000 metric tons annually over the next decade, peaking at 572,000 tons in 2028. Over that period, cumulative data center demand is expected to exceed 4.3 million tons. Supply Strain and Price Outlook While demand accelerates, supply growth is lagging. BNEF projects copper supply will hit 29 million tons by 2035, still well short of forecast demand. According to Bloomberg, the metal could account for nearly 6% of a data center project’s capital expenditure. With demand tightening and supply constrained, copper prices could reach $13,500 per ton by 2028.

US indices are onto another intense session, with the Dow Jones crossing the 47,000 mark and breaking through its long-watched ascending wedge pattern. Some profit-taking has now concluded and overall, the picture in US Equities is green in today's session. US Equity heatmap – October 3, 2025 – Source: TradingView The session did not open as bullish as it currently is: the ISM Services PMI came in weaker at 50.0 vs. 51.6 expected, sparking an initial selloff. But instead of snowballing, the move triggered a full risk-on reversal, with Bonds and Gold not doing as well and every other risk asset loving it. With October’s rate cut now more than guaranteed (90% priced in pre-release), the Services miss gave markets further conviction (now 98%). And even with today’s NFP off the table due to the government shutdown, traders are looking further ahead — pricing in deeper cuts for 2026 as labor market concerns remain front and center, as seen in the latest rounds of FED speak. US Stocks have largely disregarded any negative outlook from the US Government shutdown, so any change to this will have to be monitored. Anyways, let's tackle the multi-timeframe analysis for the Dow. Read More:Cryptocurrencies are loving the rally in Bitcoin – Crypto outlookUSD/JPY Price Outlook: Key Levels, BoJ, and Political RisksMarkets Today: US Dollar on Course for Worst Week Since July, Gold Steady, DAX eyes Retracement Ahead of Bullish ContinuationDow Jones multi-timeframe analysisUS 30 Daily chart – breaking the Ascending Wedge Dow Jones Daily Chart, October 3, 2025 – Source: TradingView The Dow keeps loving the rate cut pricing, at least even more than its younger brother the Nasdaq which had rallied sensationally since the beginning of the year. At one point up 1.10% to 47,051 on its CFD, the actual Index actually just breached 47,001 before retracting as profit-taking comes in. The session is still far from over. The Dow Jones is subject to mixed/green performances in October, but the start to this month is already surpassing those. Seasonal trends for US Indices Stock Market monthly seasonal performance – Source: Market-Bulls.com US 30 4H chart Dow Jones 4H Chart, October 3, 2025 – Source: TradingView The close of this 4H candle will be essential for the future outlook of the index. Prices are demarking from their higher timeframe moving averages, showing how strong the current move is but watch momentum becoming slightly overbought. The uptrend is still very tight. Levels of interest for Dow Jones Trading: Resistance Levels Current All-time high 47,051ATH Resistance Zone 47,000 to 47,160 (+/- 150 pts)High of weekly channel at 48,000Support Levels Preceding resistance now pivot 46,400 to 46,83046,000 level momentum Pivot now support45,000 psychological level44,400 to 44,500 Main SupportUS 30 1H Chart Dow Jones 1H Chart, October 3, 2025 – Source: TradingView Buyers are rejecting any attempt of profit-taking as players are leading another rebound around the 47,000 mark. Closing the week above this milestone should maintain high expectations for upcoming trading, in the waiting of the release of the delayed Labor data. Safe Trades! Follow Elior on Twitter/X for additional Market News, Insights and Interactions @EliorManier 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.

Authorities in Brazil have granted G Mining Ventures’ (TSX: GMIN) main Tocantinzinho mine a reduced tax rate, a move that the Canadian miner says will “materially enhance” profit and cash flow. Starting this year, the nominal corporate income tax rate applicable to Tocantinzinho will drop to about 15.3% from 34%, Quebec-based G Mining said late Thursday. The measure will be renewable after the end of the initial 10-year term. “The update speaks positively to Brazil’s supportive taxation regime which incentivizes industrial development in remote areas,” National Bank Financial mining analyst Rabi Nizami said Friday in a note. Tocantinzinho “is emblematic of a successful project incentivized and built under this system.” Located in northern Brazil’s Para state, Tocantinzinho began commercial production in September 2024 and now ranks among the country’s largest gold mines. Proven and probable reserves amount to about 51.1 million tonnes grading 1.24 grams gold per tonne for contained metal of about 2 million oz., according to a December 2024 estimate. The mine sits about 1,150 km southwest of state capital Belem. Feasibility study A 2021 feasibility study assigned Tocantinzinho – which is nicknamed TZ – an after-tax net asset value of $1 billion and an internal rate of return of 34%. It estimated all-in sustaining costs of $681 an oz. and calculated a payback period of 2.3 years. The mine is engineered to produce about 174,400 oz. a year over its 10.5-year life. Tocantinzinho’s deposit is open at depth, and the company’s 996-sq.-km land package offers additional exploration potential that could yield satellite mineralized bodies. The site has direct access – via 103 km of all-weather roads – to the national highway that links Belem to the industries of southern Brazil. The tax break is being awarded to G Mining under a regional program that’s designed to support investment, job creation and sustainable development within the Amazon region. G Mining paid about $59 million in income taxes during the first half of 2025 for a consolidated tax rate of 45%. It didn’t break out the amount pertaining to Tocantinzinho. Robust economics “The approval of this tax incentive further strengthens TZ’s already robust economics and affirms the value of our investment in the Amazon region,” G Mining CEO Louis-Pierre Gignac said in the statement. “By lowering our effective tax rate, we expand margins and increase free cash flow – reinforcing TZ’s role as the engine that funds our disciplined growth pipeline.” Any future growth investments at the open-pit mine would probably extend its eligibility to the tax incentive beyond 10 years, Nizami said. The program should also be applicable to Gurupi, another Brazilian project that G Mining is studying, he added. G Mining acquired Tocantinzinho for about $115 million in 2021. More than 1,000 company employees and contractors work at the site. Shares of G Mining rose 1.2% to C$28.76 Friday morning in Toronto, boosting the company’s market value to about C$6.5 billion ($4.6 billion). The stock has traded between C$8.92 and C$28.54 in the past year.

Investors bracing for the next big silver squeeze may soon get their wish, according to TD Securities, as the bank sees the market approaching a tipping point due to the depletion of inventory in London. In a recent note, commodity strategists led by Daniel Ghali warned that free-floating stockpiles in London Bullion Market Association (LBMA) vaults have reached a “critically low level”, as seen in the rising lease rates for silver metal, which have entered what he calls “extreme” territory. The LBMA inventory, he adds, could be completely drained within months if investor demand continues to stay high. One catalyst, as Ghali points out, is strong buying activity in India, one of the largest precious metals markets in the world. Reports imply that imports into the country may have doubled over the course of September from the prior month, though dislocations in London have been acute enough to be self-resolving for the time being, he noted. Another factor is the timing of China’s Golden Week — the seven-day national holiday starting Oct. 1 — which prevents the other big precious metals consumer from backstopping the London silver market. TD also noted that Chinese stockpiling is likely to slow in the coming months, suggesting the window will soon close for prices to remain in the current range. End game With these forces in effect, TD strategists believe that this is the “end game” for what they envisioned for silver — what Ghali calls the “#silversqueeze you can buy into” — premised by the draining of the London vaults. In an interview with Bloomberg, Ghali estimates there are “probably less than four months” remaining until the LBMA’s entire free-floating stockpile is depleted, citing the pace of ETF inflows over past rate-cutting cycles. This would lead to elevated gaps in prices and constrained liquidity, and every drain from current levels should be supportive for silver prices, he says. “For the first time in 1.5 years since the inception of the ‘#silversqueeze you can buy into’, we see a pressure release valve on the horizon. This is what a thematic climax looks like,” Ghali wrote in the note. “This saga isn’t necessarily over, but we expect London silver markets to find their first liquidity boost by this time next week — and with prices inching towards nominal ATHs, a drawdown from current levels concurrently with a boost to liquidity could significantly dent market sentiment,” he added. This year, silver has risen by more than 60%, benefiting from an increased safe-haven demand amid heightened geopolitical risks and expectations of lower interest rates. After hitting multiple 14-year highs in recent weeks, the metal is now eyeing the $50-an-ounce level for the first time since 2011. Sponsored: Take advantage of silver’s timeless value — explore silver bullion options with Sprott Money.

Anglo American (LON: AAL) has launched arbitration proceedings against Peabody Energy (NYSE: BTU) after the US coal producer pulled out of a $3.8 billion agreement to acquire its Australian steelmaking coal assets. The deal collapsed in August when Peabody invoked a “material adverse change” clause following a fire at Anglo’s Moranbah North mine in Queensland. The underground blaze, triggered by high gas levels, forced operations to halt in April and gave Peabody grounds to withdraw under the contract. Anglo had planned to sell the Bowen Basin mines, located in the world’s top steelmaking coal region, as part of a broader strategy to divest non-core assets following last year’s failed takeover attempt by BHP (ASX: BHP). Peabody said in a regulatory filing Friday that it remains confident the mine fire qualified as a material adverse change, justifying the deal’s termination. The company also revealed Anglo has so far refunded $29 million of a $75 million deposit and demanded repayment of the remainder “without further delay.” Analysts have warned arbitration could drag on until late 2026 and force Anglo, Anglo, the world’s third-largest seaborne exporter of steelmaking coal, to restart the sales process in a weaker price environment. For Peabody, the acquisition would have expanded its footprint in metallurgical coal, critical to steelmaking. Still, analysts had questioned the $3.8 billion price tag, which nearly doubled the market value of the St. Louis-based miner at the time. Shares of Peabody jumped nearly 10% Friday to $32.20, giving the company a $3.93 billion market capitalization. Anglo’s stock rose 1.44% to 2,804p in London, valuing the miner at £33.24 billion ($45 billion).

Cryptocurrencies have yo-yo'd quite aggressively in the past two months, moving from the dovish FED narrative to widespread profit-taking after failing to pursue the 2025 bull-move. Some concerns had been raised, and with justification. The Crypto total Market Cap had been free falling, some key ETFs had been seeing their first yearly outflows and technicals were corroborating a double top in both Ethereum and Bitcoin, adding to the shaded picture. But amid the ceaseless everything rally, buyers stepped up to create a lower high in Bitcoin as Equity indices were getting lifted and even more as the US government shutdown put back some diversification-interest in investors' plans. The Rally in BTC followed up with a huge day for altcoins yesterday. As a matter of fact, no NFP releases in today's data may add to the ongoing easy-going flows – For now the crypto picture is muted but October marked a very positive sign for Crypto Market. After looking at the current daily performance, we'll have a look at ETH, SOL and XRP through some intraday charts. Read More: Crypto demand spikes as US Government shutdown looms and data delays hit marketsSPX 500: Bullish trend undeterred by US government shutdown, en route to 6,800/850 nextMarkets Today: US Dollar on Course for Worst Week Since July, Gold Steady, DAX eyes Retracement Ahead of Bullish Continuation Daily overview of the Crypto Market (10:41 ET), October 3, 2025 – Source: Finviz A picture that was mostly red at the top of the hour is now turning green, with BNB seeing some strong inflows. Before that, the mood was more of mild profit-taking – Some Risk-on flows post Services PMIs are now spreading into digital assets. Watch afternoon flows, as recently, we've seen some huge movements particularly around the 14:30 mark (take a look at the change in crypto picture from the Sep 29 session). Market Cap checkup – Back towards recent highs Total Crypto Market Cap, October 3, 2025 – Source: TradingView The signs of profit-taking from mid-September have now extinguished, with the Market Cap flashing below the December 2024 record ($3.76T). A move below could have started to trigger some fears for participants who are leveraged at the highs, but the market is for now holding strong. Let's now look at some charts. Intraday Charts for ETH, SOL and XRPEthereum (ETH) 8H Chart Ethereum (ETH) 8H Chart, October 3, 2025 – Source: TradingView Ethereum has maintained strong momentum since the end of September but is a bit left off in today's action. Unchanged with a slowing RSI, the picture is still looking better than it did, particularly with prices moving above the $4,200 to $4,300 consolidation, which acted as key pivot for bull/bear strength. Keep an eye on the downward trendline connecting all tops since the new record highs from August as it seems to be containing the action. Any break above should lead to a retest of the ATH. Levels to place on your ETH Charts: Support Levels: $4,200 to $4,300 consolidation Zone$4,000 to $4,095 Main Long-run Pivot$3,900 8H MA 200$3,500 Main Support ZoneResistance Levels: $4,600 mini-resistance August 26th peak$4,950 Current new All-time highs$4,700 to $4,950 All-time high resistance zonePotential main resistance $5,230 Fibonacci extensionSolana (SOL) 8H Chart Solana (SOL) 8H Chart, October 3, 2025 – Source: TradingView Now up 20% from its recent trough at $190.60, Solana has re-attracted significant inflows. Beating its competitor the Ether in the past week, Solana still has to watch for reactions at the confluence of the $235 mini-resistance and the top of the upward channel. Breaking above should test the previous $253 highs, after that, nothing much to stop the reaching of new all-time highs. A rejection here however could point to a retest of the $200 level. Watch for an also high RSI that may need more momentum to counteract. Levels to keep on your SOL Charts: Support Levels: Resistance turned pivot level $218 to $220Support zone $200 to $205Recent lows $191$185 higher timeframe momentum supportResistance Levels: $235 to $240 mini-resistance and Higher bound of channel$250 to $255 main resistance$290 to $300 all-time high resistance ($295 ATH)XRP 8H Chart XRP 8H Chart, October 3, 2025 – Source: TradingView XRP has officially broken out of its descending channel that had compromised its outlook, and having retested it, the picture is brighter. Overall, the technicals for Ripple are more rangebound than anything, with prices holding between $2.65 to $3.15 since mid-August, but reactions here could be key. Momentum has been strong, but buyers will need to breach the mini-resistance between $3.10 to $3.20 to try to regain the $3.40 highs, levels not seen since end-July/beginning-August. This would also breach the current range formation. Safe Trades! Follow Elior on Twitter/X for additional Market News, Insights and Interactions @EliorManier 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.

Ethereum is once again at the center of market attention, trading at critical levels after a volatile stretch marked by uncertainty and rapid swings. The second-largest cryptocurrency has reclaimed the $4,400 level, signaling renewed bullish momentum. Investors are closely watching whether ETH can extend this recovery into a sustained breakout, with many expecting that a decisive move higher could open the path toward testing yearly highs. Still, not all market voices are aligned. While momentum appears to favor the bulls, several analysts warn of risks that could challenge Ethereum’s upward trajectory. Concerns range from declining liquidity in certain segments of the market to profit-taking by large holders, which could weigh on price action if upside fails to hold. Adding to the discussion, top analyst Axel Adler has shared insights comparing Bitcoin and Ethereum’s performance this year. His data reveals that while both assets have taken different paths in their respective rallies, they ultimately point to the same destination: a continuation of the broader bullish cycle. This perspective has fueled optimism that ETH’s recovery may not just be a short-term bounce but part of a larger, ongoing trend that aligns with Bitcoin’s strength. Ethereum Catches Up to Bitcoin l Adler highlights an important development in Ethereum’s market trajectory. Over the last quarter, Ethereum has nearly matched Bitcoin in annual performance, a sign of growing strength for the world’s second-largest cryptocurrency. In his latest analysis, Adler shared a chart comparing the one-year performance of BTC and ETH, measured from October 2024 to today. The data reveals that both assets have surged over 90% in the past year, despite taking different routes to arrive at similar results. Bitcoin has largely been the driver of crypto market momentum in 2025, with ETFs, institutional inflows, and macroeconomic narratives fueling demand. Ethereum, on the other hand, faced periods of underperformance earlier this year, weighed down by high volatility and concerns around liquidity. However, its recent resurgence has narrowed the gap and demonstrated that ETH remains firmly aligned with the broader bullish cycle. Adler’s findings suggest that ETH’s current positioning is not just a coincidence, but a reflection of strengthening fundamentals and adoption. With Ethereum continuing to dominate in DeFi, stablecoin issuance, and tokenization initiatives, the recovery in performance compared to Bitcoin indicates growing confidence from both retail and institutional investors. This convergence between BTC and ETH performance reinforces the view that the two assets, while distinct in their use cases, are moving in tandem toward the same broader trend: a bullish cycle that could see both testing new all-time highs in the coming months. ETH Testing Pivotal Resistance Ethereum (ETH) is trading at $4,483, showing signs of strength after reclaiming the $4,400 level. The 8-hour chart highlights a decisive bounce from sub-$4,000 levels last week, with buyers stepping in aggressively to defend support around $3,900. This recovery has pushed ETH back above its 50-day and 100-day moving averages, a positive technical signal that reinforces short-term bullish momentum. The next major resistance lies around the $4,500–$4,600 zone, an area that has repeatedly capped upside attempts since August. A clean breakout above this band could trigger a move toward the previous local highs near $4,800, and potentially open the path toward $5,000. On the downside, $4,300 now acts as immediate support, followed by the $4,000 psychological level. Volume has been supportive during this recent rally, signaling strong demand. However, ETH must maintain momentum above its moving averages to avoid falling back into the consolidation range. The chart structure suggests that bulls are regaining control, but confirmation will only come with a decisive close above $4,600. Featured image from ChatGPT, chart from TradingView.com

Most Read: AUD/USD Forecast: Are Fresh Highs Incoming After RBA Rate Hold? The recent USD/JPY price action has been characterized by a significant pullback, registering heavy losses for the first time in three weeks after encountering strong resistance near the psychological 150.00 mark. The immediate downward momentum is predominantly driven by external headwinds weighing heavily on the US Dollar. These factors include downbeat US labor data, volatility associated with a potential US government shutdown, and a general risk-on mood among investors. The resulting anticipation of Federal Reserve (Fed) rate cuts in October and December remains "practically intact," compressing the US interest rate advantage and reducing the structural support for the USD leg of the pair. This weakening of the USD is occurring simultaneously with the emergence of structural drivers for Japanese Yen (JPY) strength. This convergence of fundamental factors, fading USD strength meeting developing JPY appreciation backs the case for a further depreciating move in USD/JPY, suggesting the pair is "not out of the woods yet" for continued downside pressure. Bank of Japan Policy: Deconstructing the Normalization Path The Bank of Japan sits at a fork in the road. There are signs of a stronger‑economy which are pushing the BoJ away from its ultra‑easy stance. The internal drivers supporting a policy shift include sustained wage growth, the broadening of services inflation, and upbeat economic activities across Japan. First, wages have been rising fairly steadily for about a year. Real pay seems to be going up, which could mean households have more cash to spend. That isn’t just a tiny blip; it points to a shift in bargaining power toward workers. When workers earn more, price pressure usually builds. Second, services‑inflation is spreading. Even though goods prices are cooling, costs for health, hotels and schools keep climbing. Those price rises are likely more permanent because they are tied to personal consumption, not to supply shocks. Thirdly, recent GDP numbers have been tweaked upward a bit, industrial output beat expectations, and business confidence surveys show a move from fear to hope. All together, these signs show an economy that no longer needs a lot of external stimulus to keep growing. When you put those three points together, you get inflation that’s driven more by home demand than by foreign price jumps. Governor Kazuo Ueda has said the BoJ will lift rates if the economy and prices match forecasts. He also warned that falling behind inflation “warrants attention.” That sentence, even if a bit vague, signals he sees a risk if they stay too loose. The recent policy meeting had a surprising 7‑2 split vote. A narrow majority with some hawks on the board is rare when the policy is unchanged. That vote, odd as it is, shows more pressure from inside the central bank that the current stance might become out of step with price movements. Markets already price that pressure. According to LSEG data, markets are pricing in around a 45.3% probability of a 25 bps hike in December with another 11% pricing in a 50 bps rate cut. Source: LSEG Not a done deal yet, but the signs continue to grow. Japanese Political Risk: LDP Leadership and Monetary Policy Alignment Over the weekend the Yen may face risk from political developments as the Liberal Democratic Party (LDP) will host their leadership election. Different candidates have very different money ideas. Sanae Takaichi, who likes stimulus and is against rate hikes, could cause a “political premium” on yen weakness, possibly sparking a sharp USD/JPY jump. On the other hand, a candidate linked to Shinjiro Koizumi or a neutral one might push for coordinated policy aimed at price stability and growth that could cut uncertainty and maybe push the yen lower against the dollar. Governor Ueda is scheduled to speak next week Wednesday on October 8. This will come after the LDP leadership contest and it will be interesting to see where the Governor is in terms of rate hikes and any pressure he may face from the incoming LDP leadership. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Technical Analysis - USD/JPY From a technical point of view, USD/JPY does appear to have found support at the 100-day MA which rests just above the lower band of the channel which has been in play since the back end of July. However, significant resistance lies just above current price with the 50 and 200-day MAs resting at 147.80 and 148.24 respectively. Beyond that we have the psychological 150.00 handle which USD/JPY has twice rejected now. The pair has failed to find acceptance above this handle on August 1 and September 26 2025. This could be a sign that bears are still interested as the hype around rate hikes from the BoJ builds. Looking at the downside, support may be found at the 100-day MA and lower end of the range around the 146.50 handle. Below that we have support resting at 144.84 before the swing low at 143.40 handle comes into focus. USD/JPY Daily Chart, October 3, 2025 Source: TradingView.com Follow Zain on Twitter/X for Additional Market News and Insights @zvawda 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.

Skeena Resources (TSX, NYSE: SKE) will raise C$125 million ($90 million) for the development of its Eskay Creek gold-silver project in British Columbia, for which it is advancing permitting and targeting first production in 2027. In a press release this week, the company announced that a syndicate of underwriters led by BMO Capital Markets will purchase on a bought-deal basis 5.21 million of its shares at C$24 each, with the option to buy an additional 15% of the offering. Shares of Skeena fell from C$26 to the current C$24 level after the financing announcement. On Friday, the stock opened 0.4% higher at C$24.25 with a market capitalization of C$2.8 billion ($2 billion). This offering, together with the company’s other sources of funding, should ensure sufficient liquidity to complete permitting, Skeena said, adding that it would satisfy the condition set by Orion Resource Partners to access the balance of its $750 million financing package. Skeena secured the funding commitment from Orion in June 2024, comprising a $200 million gold stream, a $350 million loan, a $100 million equity investment and a $100 million cost over-run facility. The $200 million gold stream was released in December after Skeena received its bulk sample permit and obtained approval to begin infrastructure construction. On the new financing, Skeena’s executive chairman Walter Coles said: “This funding provides flexibility to pursue less expensive financing alternatives compared to the existing undrawn senior secured loan facility and represents approximately 4.5% dilution to the company’s total market capitalization.” According to a feasibility study released last year, Eskay Creek’s pre-production capital cost is estimated at C$713 million, including C$49 million for contingencies. The project, which previously operated as an underground mine from 1994 to 2008, aims to produce 320,000 oz. gold-equivalent a year from an open pit during a 12-year mine life. As of Sept. 30, the company had cash on hand of approximately C$105 million ($75 million) to fund the project. Permitting delays As certain construction activities continue at Eskay Creek, Skeena warned there could be an unanticipated delay in the project’s permitting due to the ongoing BC government employee strike. The company previously said it aims to obtain all permits required for mine construction and operation by year-end. Should all go according to plan, construction is expected to start in 2026, followed by production in the first half of the following year. Meanwhile, Skeena said it is progressing in talks with the Tahltan Central Government regarding the project’s impact benefits agreement, and a vote for its approval will be scheduled upon once the negotiations conclude.

Shares of USA Rare Earth (Nasdaq: USAR) jumped nearly 20% on Friday after CEO Barbara Humpton told CNBC that the rare earth miner is “in close communication” with the White House. Humpton, speaking in an interview with CNBC late Thursday, addressed speculation about the company’s interest in striking a deal with the White House. USA Rare Earth did not immediately respond to a MINING.COM request for comment. The stock rose 19.5% in morning trading in New York, giving the company a market capitalization of about $3.1 billion. US steps up critical minerals push The development comes as the Trump administration intensifies efforts to secure supplies of strategic minerals and reduce reliance on China, which dominates global production and processing. In March, President Trump invoked emergency powers to boost domestic production of critical minerals. The move followed China’s decision to halt rare earth exports, escalating tensions between Washington and Beijing. This week, the White House took a 5% stake in Lithium Americas and a separate 5% position in its Thacker Pass joint venture with General Motors, which is set to become the largest lithium source in the Western Hemisphere. In July, MP Materials announced a multibillion-dollar deal with the US government to ramp up output of rare earth magnets. Building rare earth supply chains USA Rare Earth is advancing its own plans to expand the US supply chain for rare earth magnets. The company is building a sintered neo magnet manufacturing facility in Stillwater, Oklahoma, expected to go commercial in the first half of 2026. At full capacity, it will produce nearly 5,000 tonnes of magnets annually, enough for hundreds of millions of units, according to company estimates. The company also announced earlier this week that it will acquire UK-based Less Common Metals (LCM), which produces both light and heavy rare earth permanent magnet metals and alloys at scale from its 67,000-square-foot plant in Cheshire.

NEWSQUAWK PREVIEW: Japanese LDP Leadership Election, 4th October 2025 Tokyo Japanese LDP Leadership Election BACKGROUND The LDP will elect its new president on 4th October following the resignation of PM Ishiba on 7th September. The winner will almost certainly become Japanʼs next PM, with the Diet vote slated for mid-October. The contest comes at a moment of weakness for the party: the LDP-Komeito coalition no longer holds a majority in either chamber of the Diet, after losing the upper house in July 2025 and already being short in the lower house since 2024, leaving the new leader judged primarily on their ability to unify the party and secure opposition cooperation, rather than pursue an ambitious policy agenda. CANDIDATES: Five candidates are standing—Shinjiro Koizumi, Sanae Takaichi, Yoshimasa Hayashi, Toshimitsu Motegi, and Takayuki Kobayashi—though desks broadly expect the race to narrow to Koizumi and Takaichi in a second-round run-off. Koizumi is positioning himself as a reformist and generational figure, emphasising credibility, fiscal prudence, and policy continuity with Ishiba. His stance is viewed as Yen- and JGB-supportive, though offering limited near-term upside for equities. Takaichi is running on a conservative platform, emphasising fiscal expansion, stronger security policy, and higher defence spending. Her proposals are seen as equity-positive, especially for defence, nuclear and technology sectors, but negative for the Yen and JGBs, given the implications for issuance and continued accommodative bias. Hayashi, the Chief Cabinet Secretary and former foreign minister, highlights foreign policy credentials and a technocratic profile, backing gradual BoJ normalisation and balanced fiscal policy. Motegi is an experienced party operator and fiscally cautious, but has struggled to build momentum in the race. Kobayashi, the youngest contender, is focused on economic security and technology investment, but is not expected to attract sufficient backing. Tokyo Japanese LDP Leadership Election Source: Try Newsquawk free for 7 days POLLING: Surveys show a two-way contest between Takaichi and Koizumi, with Hayashi trailing. A Kyodo poll (11–12 Sept) placed Takaichi at 28.0%, Koizumi 22.5%, Hayashi 11.4%. A Nikkei poll in August on suitability as prime minister had Takaichi at 23% and Koizumi at 22%. COALITION DYNAMICS: The first round will allocate 590 votes—295 from LDP lawmakers and 295 from rank-and-file members. If no candidate secures a majority, the top two advance to a run-off, where 295 Diet votes are combined with 47 prefectural bloc votes, giving Diet members greater weight. With major factions dissolved, bloc discipline has weakened, and lawmaker votes are expected to be driven by short-term calculations and personal loyalties. Coalition management will be a critical test for the next leader. Komeitoʼs support remains vital to electoral viability, but tensions could increase if the LDP presidency shifts sharply to the right. Beyond Komeito, the LDP may need to reach out to the Democratic Party for the People (DPP) or Nippon Ishin no Kai to secure parliamentary numbers, though Ishinʼs rivalry with Komeito in Osaka could complicate such an arrangement. RESULTS: First-round results are expected around 14:10 JST (06:10 BST / 01:10 ET) on Saturday, with a run-off scheduled for around 15:20 JST (07:20 BST / 02:20 ET) if no candidate wins outright. A Koizumi–Takaichi showdown remains the base case, with Diet votes decisive in the second round More in our Trading Blog Source: Try Newsquawk free for 7 days. Tokyo Japanese LDP Leadership Election MARKET IMPACTS & SCENARIO TABLE Yen / Bonds: A Koizumi victory would likely be Yen- and JGB-supportive on expectations of fiscal prudence and continuity. A Takaichi outcome would weigh on the Yen and raise issuance concerns given her fiscal expansion agenda. Equities: Takaichiʼs platform is seen as equity-positive, especially for defence, nuclear and technology sectors. A Koizumi outcome would bring a more measured response, with stability supportive for financials.Stability: Minority status means that policy divergence will be constrained, with outcomes shaped heavily by coalition dynamics and opposition cooperation. The post NEWSQUAWK PREVIEW: Japanese LDP Leadership Election, 4th October 2025 appeared first on Forex Trading Forum.

JPMorgan has just dropped a bold target for $BTC: $165K. The firm cited gold’s record-setting run and the growing ‘debasement trade’ as tailwinds. At the same time, Uptober is living up to its name, with Bitcoin blasting through $120K despite the U.S. government shutdown, proving just how resilient this market has become. Historically, when Bitcoin asserts dominance like this, it doesn’t take long for capital to rotate into the best altcoins, as that’s often where the larger gains emerge. With momentum building, hot alternatives like Bitcoin Hyper ($HYPER), Best Wallet Token ($BEST), and Aster ($ASTER) are catching attention as potential breakout plays during Q4. JPMorgan’s $165K Call + Uptober Momentum JPMorgan analysts forecast $BTC climbing to $165K by benchmarking it against gold on a volatility-adjusted basis. Their thesis is simple: if gold can rip to record highs on currency debasement fears, Bitcoin (the harder, more portable alternative) should eventually catch up. That’s what analysts refer to as the ‘debasement trade,’ where investors hedge against fiat erosion by piling into scarce assets like gold and Bitcoin. Flows back this up. Spot Bitcoin ETFs have experienced significant retail inflows since late 2024, with approximately 605.18 K Bitcoin added from November 2024 to September 2025. Institutions are still net buyers via CME futures, though retail has been leading the charge. JPMorgan’s model suggests Bitcoin remains undervalued by about $45K compared to gold. On the charts, Uptober is firing yet again. Bitcoin already broke $120K, extending a run that fits with historical October trends, where Bitcoin has been green 10 out of 12 times in existence. Even the US government shutdown, which left the SEC and CFTC underpowered, hasn’t dented momentum. If anything, it’s underscored Bitcoin’s resilience. When $BTC sets the tone, liquidity often rotates into the top altcoins. With structural support for Bitcoin now clear, investors are eyeing these three new cryptocurrency projects with outsized upside potential during the next leg higher: 1. Bitcoin Hyper ($HYPER) – First Real Bitcoin Layer 2 Bitcoin Hyper ($HYPER) is behind the first genuine Bitcoin Layer 2. It’s not a side chain, not wrapped $BTC, but a full execution layer powered by Solana’s Virtual Machine (SVM). The project uses a trustless bridge to mint $BTC on Hyper, enabling sub-second transactions with near-zero gas fees. ZK-proofs regularly anchor activity back to Bitcoin Layer 1, keeping the network secure while unlocking the speed and flexibility $BTC has always lacked. That means Bitcoin is no longer just a ‘store of value.’ It can finally host dApps, meme coins, and DeFi. For traders, that’s a huge deal. If JPMorgan’s $165K projection plays out, $HYPER is positioned to absorb the next wave of liquidity as Bitcoin demand spills into higher-beta plays. Numbers show conviction is already building. The presale has raised over $21M to date, with recent buys as large as $196.6K. The tokens are priced at just $0.013045; however, experts predict a price of $0.02595 by the end of the year. Early buyers can also stake with 56% APY. Learn how to buy Bitcoin Hyper in our guide. Bitcoin Hyper is effectively trying to give Bitcoin its ‘Ethereum 2017 moment,’ by transforming it from a vault into a usable financial layer. With Uptober momentum carrying $BTC higher, $HYPER’s narrative looks increasingly aligned. Get in early at the official Bitcoin Hyper presale now. 2. Best Wallet Token ($BEST) – Web3 Wallet Power Play Best Wallet has already carved out a reputation as one of the most advanced software wallets on the market, offering a cleaner, more intuitive alternative to MetaMask. With features like built-in presale access, integrated portfolio tracking, and top-tier Fireblocks MPC-CMP security, it’s quickly become a go-to hub for crypto newcomers and veterans alike. The Best Wallet Token ($BEST) is designed to take that ecosystem to the next level. As the native asset, $BEST powers reduced transaction fees, early access to new meme coins on presale, staking rewards, and ecosystem governance. It effectively ‘gamifies’ wallet engagement. Learn how to buy Best Wallet Token in our step-by-step guide. One of the most highly anticipated additions is Best Card, a crypto debit card that allows you to spend directly from your wallet balance anywhere Mastercard is accepted, complete with cashback rewards. Combined with the presale hub, this will make Best Wallet a one-stop shop where Web3 meets everyday finance. Investors have already bought in, with over $16.2M raised so far. Tokens are priced at $0.025735, but analysts see $0.07 as a possibility by 2030. Staking yields are as high as 81% APY, allowing $BEST to position itself as both a utility token and a growth play. As Uptober drives fresh adoption, crypto wallets are the first gateway, and demand should explode. Visit the Best Wallet Token presale today to grab a stake in this growth. 3. Aster ($ASTER) – High-Volume DEX Challenger If Uptober keeps fueling risk appetite, decentralized exchanges are set to capture a major share of the flows. And Aster ($ASTER) is already proving it can handle the surge. The multi-chain DEX runs on BNB, Ethereum, Solana, and Arbitrum, offering perpetuals, spot trading, and unique features like hidden orders. Its big draw is MEV-free, one-click execution in Simple Mode, while Pro Mode caters to advanced traders with stock perps and grid strategies. The volumes tell the story. Aster processed $89B in perpetual trades over the last 24 hours and $463.1B over the past week. Spot activity is surging too, hitting $1.11B in volume, while the project’s market cap sits at $3.2B. Few DEXs outside of Hyperliquid can rival that pace. Aster is aiming to scale even further. The team is rolling out Aster Chain, a blockchain built specifically for trading utilities – not another generalized EVM chain, but a network focused on liquidity, transparency, and smoother UX. They’re also planning community-guided buybacks that recycle income into $ASTER without locking the project into rigid schedules. With backing from YZi Labs and open endorsement from Binance founder CZ, Aster has heavyweight credibility. And with $BTC momentum driving leverage demand, $ASTER looks primed to keep absorbing liquidity during this Uptober rally. Buy $ASTER on Kucoin. Recap: JPMorgan’s $165K call and Bitcoin’s Uptober rally past $120K show how resilient the market has become, even amid a U.S. government shutdown. For alt seekers, $HYPER, $BEST, and $ASTER stand out as projects positioned to capture the next wave of momentum. This article is not financial advice. Crypto carries inherent risks so please do your own research (DYOR) and never invest more than you are willing to lose. Authored by Aidan Weeks, NewsBTC — https://www.newsbtc.com/news/best-altcoins-to-buy-jpmorgan-predicts-165k-bitcoin

In the absence of Bureau of Labor Statistics data, preventing a more interesting day, participants are focusing on today's ISM Services PMI report closely Markets just received the report for the US ISM Services PMI, which slipped right around contraction territory at 50.0, missing expectations of 51.6 and down from the prior 52.0. The services sector — which makes up the bulk of US economic activity — is closely monitored as it reflects both consumer and business demand momentum, PMIs, particularly for the services sector, had been holding strong despite tariffs starting to bite into companies' profit-margins and activities, but things are starting to change. Now a few months after the July tariff implementation, the data is reflecting more and more the Trump Policies. The essential Services PMI is now at the border of contraction. You can access the PMI Report right here. Markets also received the Global PMI report about 15 minutes ago (53.9 vs 53.6 exp) but this one is less of a mover. Discover the reactions in the main assets classes including US Equities (Nasdaq), US Treasuries, and the DXY just below. Read More: Markets Today: US Dollar on Course for Worst Week Since July, Gold Steady, DAX eyes Retracement Ahead of Bullish ContinuationSPX 500: Bullish trend undeterred by US government shutdown, en route to 6,800/850 nextGBP/USD snaps four-day winning streak, hovers around 1.34500 - Potential targets and price forecastA few market reactions Everything seems to be selling off for now! A global market picture after the September Services PMI report, October 3, 2025 – Source: TradingView Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier 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.

Citibank has issued fresh 12-month price targets for Bitcoin and Ethereum, laying out a wide set of possible outcomes that range from steep drops to large gains. According to the bank’s latest note, Bitcoin’s base case sits at $181,000, while a bearish scenario puts it at $82,000. A bullish run could push Bitcoin to $231,000 within a year. Citi Lays Out Wide Range Based on reports, Citi is avoiding a single forecast and instead gives three clear paths for Bitcoin. The bank’s bearish mark of $82,000 represents a 31% fall from Bitcoin’s current quoted price of $120,314. The base case of $181,000 would be a 52% rise. At the top end, Citi’s $231,000 figure is roughly 95% above today’s level. Those are big swings. They show how much uncertainty traders face. Macro Forces, Institutional Demand Citi points to the US dollar and gold as key factors that could cap Bitcoin’s upside. A stronger US dollar and weaker gold prices were noted as headwinds for crypto returns. At the same time, the bank highlighted continued interest from large investors and more institutional flows as reasons Bitcoin could climb. The note also compared these targets with Citi’s earlier year-end calls — $132,000 for Bitcoin and $4,500 for Ethereum — and said it extended the timeline to a 12-month horizon that runs to October 2026. Market Reaction, Other Forecasts Reports have disclosed that over the last 24 hours Bitcoin was up 2% and Ethereum rose 2.10%. Other big-name forecasts were mentioned alongside Citi’s view. Standard Chartered and Fundstrat’s Tom Lee are among analysts saying Bitcoin could reach between $200,000 and $250,000 by the end of this year. Tom Lee has put forward a much higher figure for Ethereum, forecasting $15,000 for ETH — a number well above Citi’s most bullish estimate. Ethereum’s Path Less Clear? According to Citi, Ethereum faces more unknowns. The bank set a bear case for ETH at $2,000, a base target at $5,400, and a bullish number at $7,300. Those levels sit around a 65% rise from Ethereum’s current price of $4,480 in the best case. Citi explained that Ethereum’s ecosystem is still shifting, so it’s harder to predict how value will be shared across projects and staking participants. Citi’s range is both a warning and a roadmap. It warns that prices can fall sharply — as shown by the $82,000 bear case for Bitcoin and $2,000 for Ethereum — but it also maps possible upside. Featured image from Unsplash, chart from TradingView

Bitcoin has hit another peak, returning to the $120,500 area, signaling that demand remains strong. At the start of the week, many feared that the US government shutdown would negatively impact demand for risk assets. However, the closure of several federal institutions has actually triggered a wave of buying. Due to the shutdown, the Securities and Exchange Commission has switched to emergency operations and won't be approving new products—including spot crypto ETFs—until the crisis is resolved. Still, investors and traders, spooked by the potential problems the US economy could face post-shutdown, have chosen to protect themselves by investing in digital assets, particularly Bitcoin. This sudden pivot toward crypto—despite regulatory hurdles—highlights its growing status as a potential safe haven in times of economic uncertainty. Traditionally, investors have turned to gold or government bonds during crises, but the increasing recognition and acceptance of cryptocurrencies, especially Bitcoin, is making them a more appealing alternative. The SEC's shutdown-related delay in approving spot crypto ETFs will undoubtedly disappoint many market participants who had high hopes for this instrument. However, the increased demand for Bitcoin, driven by economic instability fears, may offset this delay in the short term. In the long term, approval of spot crypto ETFs remains a critical goal for the industry, as it would open crypto access to a broader range of investors and further solidify its legitimacy. Still, the current situation underlines the ability of digital assets to attract capital even under regulatory pressure and macroeconomic instability—sending a positive signal for the future of the crypto industry. Trading recommendations Bitcoin (BTC) From a technical perspective, buyers are now targeting a return to the $120,900 level, which would pave the way toward $123,000, followed closely by a potential push to $125,900. The furthest target stands at the $126,400 area. Breaking above that would confirm the strengthening of a bullish market. In case of a decline, buyers are expected to step in around the $119,000 level. A drop below this area could quickly push BTC down toward $117,100, with the most distant downside target around $115,100. Ethereum (ETH) Ethereum's clear hold above the $4,533 level opens a path toward $4,616. The furthest upside target is the $4,697 area. Breaking above it would signal a strengthening bull market and growing buyer interest. In case of a pullback, buyers are expected around the $4,432 level. A move back below this zone could send ETH quickly down toward $4,331, with a deeper support level at $4,235. What's on the chart The red lines represent support and resistance levels, where price is expected to either pause or react sharply. The green line shows the 50-day moving average. The blue line is the 100-day moving average. The lime line is the 200-day moving average. Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market. The material has been provided by InstaForex Company - www.instaforex.com