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Today, Friday, during the European session, the GBP/JPY cross is attempting to recover from yesterday's losses, rising above the psychological level of 200.00 amid conflicting market forces. A decline in the U.S. dollar from a three-week high is providing support to the British pound sterling (GBP). Today's data from Japan showed that consumer price growth in Tokyo for September came in below expectations. Amid domestic political uncertainty and concerns over the economic consequences of U.S. tariffs, there is a growing likelihood that the Bank of Japan may postpone its planned interest rate hike. Nonetheless, investors are still pricing in the potential for a rate hike by the Bank of Japan in October — a factor that, combined with worsening risk sentiment in global markets, continues to support demand for safe-haven assets such as the Japanese yen. At the same time, pound buyers are holding back from aggressive moves amid concerns over the UK's fiscal policy ahead of the upcoming Autumn Budget in November. An additional factor limiting the pound's upside is the dovish commentary made on Wednesday by Bank of England Governor Andrew Bailey, in which he hinted at a possible rate cut. Therefore, before opening aggressive long positions, it would be wise to wait for confirmation of sustained growth in the GBP/JPY pair. From a technical perspective, oscillators on the daily chart are in positive territory, with the 9-day EMA above the 14-day EMA — confirming the pair's bullish momentum. The nearest resistance for the GBP/JPY pair is located at 200.35. A breakout above this level would pave the way toward the key psychological level of 201.00, with a minor barrier at 200.75. On the other hand, the pair found support at the 199.70 level. A move below this point could lead the price to pause at 199.40 support. Further decline would open the path toward the key 199.00 level — a drop below which would shift the outlook in favor of the bears. The material has been provided by InstaForex Company - www.instaforex.com

We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week.Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp market fluctuations due to increased volatility. If you decide to trade during the news release, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. For successful trading, you need to have a clear trading plan and stay focues and disciplined. Spontaneous trading decision based on the current market situation is an inherently losing strategy for a scalper or daytrader. #instaforex #analysis #sebastianseliga The material has been provided by InstaForex Company - www.instaforex.com

The crypto market is under close watch as traders prepare for Friday’s $22 billion Bitcoin and Ethereum options expiry. With just a few days left in this bearish September, bears are calling for another possible drop to $107K before October, which has historically been a more bullish month for BTC. The main question is whether the recent downturn has run its course, or if more volatility is still ahead. For investors, finding the best crypto to buy during this uncertain phase is a key focus. Read The Full Article Here The post [LIVE] Crypto News Today, September 26 – Is The Crypto Market Done Crashing? $22 Billion Bitcoin And Ethereum Options Expiring – Best Crypto to Buy Amid This High Volatility? appeared first on 99Bitcoins.

The first significant sign that US inflation continues to rise proved to be a cold shower for market participants, causing a sharp rise in the dollar and a decline in demand for equities. According to the latest data, in Q2 the Personal Consumption Expenditures (PCE) price index rose slightly more than expected, to 2.1% versus a forecast of 2.0%—still noticeably lower than the previous period's 3.7%. The core PCE also rose slightly to 2.6% from 2.5%, compared with the last 3.5%. There was good news as well—a strong upward revision to Q2 GDP, which shot up to 3.8% from -0.5% with a forecast of 3.3%. In addition, durable goods orders rose sharply, up 2.9% in August versus a 2.7% decline in July (the forecast was for a slight decrease of 0.3%). So why was there a wave of negativity in the markets on Thursday? The main reason was that market players are worried about the potential resumption of rising inflation. Yes, the quarterly PCE ticked up, but not critically. More concerning for investors is that today's fresh annual and monthly PCE readings may also show increases, which in turn could provide the Fed with justification to pause rate cuts this year. According to forecasts, the overall annual and monthly PCE price index are expected to increase from 2.6% to 2.8% and from 0.2% to 0.3%, respectively, in August. The consensus is for 2.7% and 0.3%. The core figure month-on-month should remain at 0.3%, and year-on-year climb to 3.0% from 2.9%. There will also be data on US personal income and spending, which are expected to show a slowdown in growth. How might markets react to the PCE report? If the data comes in as expected or slightly below, it may lead to the closing of short positions on US equities and a softening of the dollar, with the DXY possibly dropping back to its starting point from yesterday, since the market has already priced in a potential rise to the forecast levels. This scenario wouldn't rule out further Fed rate cuts. Overall, I see the market picture as moderately positive. Day's Forecast: #USDX (Dollar Index): The index is above 98.35. If the PCE index is reported as expected, it could put pressure on dollar demand and push the DXY down to 97.55. 98.28 is a level to watch for potential selling. GBP/USD: The pair is under pressure from UK economic woes. A PCE figure in line with expectations may keep the pair under pressure. A drop below 1.3335 will likely encourage a decline to 1.3260, followed by a further decline to 1.3160. 1.3319 is a level that can be used for potential selling. The material has been provided by InstaForex Company - www.instaforex.com

On Thursday, the EUR/USD pair made another reversal in favor of the U.S. dollar, falling to the support level of 1.1637–1.1645. A rebound from this zone worked in favor of the euro and the beginning of growth toward the 76.4% Fibonacci level at 1.1695. A rebound from this level would favor the U.S. currency and a renewed decline toward the 1.1637–1.1645 level. A firm move above the 1.1695 level would increase the likelihood of continued growth toward the resistance zone of 1.1789–1.1802. The wave situation on the hourly chart remains simple and clear. The last completed upward wave failed to break the previous peak, while the most recent downward wave easily broke the previous low. Thus, the trend has now shifted to bearish. Recent labor market data and evolving monetary policy expectations from the Fed support the bulls, but the bears continue to find reasons to counterattack. On Thursday, the news backdrop favored the bears. Two U.S. reports, both above expectations, allowed the bears to launch a powerful new attack. The U.S. economy posted higher-than-expected growth in the second quarter, which helped strengthen the dollar further. It's also important to note that the Q2 GDP figure has been revised upward twice. The durable goods orders report also significantly exceeded forecasted values, providing additional support for the U.S. dollar. As such, the dollar's current growth appears fully justified. The question is: How long will it last? In my opinion, the dollar has entered a "lucky streak" that is fueling its rise. From a broader perspective, the dollar's position remains extremely challenging due to the Fed's monetary policy and Donald Trump's trade policies. However, from time to time, the U.S. dollar can still show that it's not defenseless. On the 4-hour chart, the pair has consolidated above a horizontal channel, giving traders hope for further growth. Quotes have returned to the 1.1680 level. A rebound from this level would work in favor of the euro and a resumption of growth toward the 161.8% corrective level at 1.1854. A consolidation below 1.1680 would suggest further decline toward the 127.2% Fibonacci level at 1.1495. No emerging divergences are currently observed. Commitments of Traders (COT) Report: During the latest reporting week, professional traders closed 4,788 Long positions and opened 3,130 Short positions. Sentiment in the "Non-commercial" group remains bullish, largely thanks to Donald Trump, and continues to strengthen over time. The total number of Long positions held by speculators is now 253,000, while Short positions number 135,000—a nearly twofold gap. Additionally, note the number of green cells in the table above, indicating strong accumulation of long positions in the euro. In most cases, interest in the euro keeps growing, while interest in the dollar falls. For thirty-two consecutive weeks, large traders have been reducing their short exposures and increasing long ones. Donald Trump's policies remain the most significant factor for traders, given their potential to create far-reaching, structural challenges for the U.S. Despite notable trade agreements being signed, many key economic indicators continue to decline. News Calendar for the U.S. and the Eurozone: Eurozone – ECB President Christine Lagarde's speech (06:00 UTC)U.S. – Core PCE Price Index (12:30 UTC)U.S. – Personal Income and Spending (12:30 UTC)U.S. – Consumer Sentiment Index (14:00 UTC)On September 26, the economic calendar featured four events, with Lagarde's speech standing out most. The impact of the news on market sentiment is expected to be present but relatively weak during the second half of the day. EUR/USD Forecast and Trader Tips: Selling the pair was possible upon a close below the support level of 1.1789–1.1802 on the hourly chart, with targets at 1.1695 and 1.1637–1.1645. All targets have been reached. New short positions may be opened on a close below the 1.1637–1.1645 zone, with targets at 1.1590 and 1.1544. Buying opportunities may arise today on a rebound from the 1.1637–1.1645 zone, with targets at 1.1695 and 1.1789–1.1802. The Fibonacci grids are drawn from 1.1789 to 1.1392 on the hourly chart, and from 1.1214 to 1.0179 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com

On the hourly chart, the GBP/USD pair continued to decline on Thursday and ended the day within the support zone of 1.3332–1.3357. A rebound of quotes from this zone would work in favor of the pound and lead to some growth toward the 76.4% Fibonacci level at 1.3425. A consolidation of the pair below the 1.3332–1.3357 level would increase the likelihood of continued decline toward the next corrective level of 127.2% at 1.3226. The wave pattern has shifted to a bearish outlook. This happened suddenly and unexpectedly. The latest completed upward wave broke the previous peak, but the most recent downward wave easily broke the last low. The information background last week was mostly neutral for the pound, but events on Thursday and Friday changed things for the worse. The negative news flow for the British currency continues, although further strengthening of the U.S. dollar also depends on upcoming news. It has been a "black" week for the pound. The U.K.'s budget issues, new criticism of Finance Minister Rachel Reeves, meetings of the Federal Reserve and the Bank of England, speeches by Jerome Powell and Andrew Bailey, as well as reports on U.S. GDP and durable goods orders — all of these events in one way or another helped the bears. For the first time in a while, traders did not ignore the positive news for the dollar and took full advantage of it. Today the market may take a brief pause due to a quiet economic calendar, but the PCE Index could have a positive impact on the dollar. The higher the inflation in the U.S., the better for the dollar, as the Fed is less likely to rush into loosening its monetary policy. Therefore, a PCE reading above 0.3% for August would once again support the bears. On the 4-hour chart, the pair reversed in favor of the U.S. dollar after forming a "bearish" divergence on the CCI indicator and following the Fed and Bank of England meetings. The downward movement continues toward the support level of 1.3339–1.3435. A rebound from the 1.3378–1.3435 level would work in favor of the pound and some upward correction. A drop below this zone would mean further decline toward the corrective level of 76.4% at 1.3118. Commitments of Traders (COT) Report: Sentiment among the "Non-commercial" trader category became sharply more bullish over the last reporting week. The number of Long positions held by speculators increased by 5,947, while the number of Short positions fell by 21,078. The gap between Long and Short positions is now roughly 80,000 versus 87,000. Bullish traders are leaning the scale back in their favor. In my opinion, the pound still has potential for further decline. The news background during the first six months of the year was dreadful for the U.S. dollar, but it is slowly leveling out. Trade tensions are easing, key deals are being signed, and the American economy in Q2 is expected to recover thanks to tariffs and various investment initiatives in the U.S. At the same time, speculation over a potential loosening of the Fed's monetary policy in the second half of the year continues to put significant pressure on the dollar, as the U.S. labor market weakens and unemployment rises. Therefore, I currently don't see strong reasons for a bearish trend reversal. News Calendar for the U.S. and U.K.: U.S. – Core PCE Price Index (12:30 UTC)U.S. – Personal Income and Spending (12:30 UTC)U.S. – Consumer Sentiment Index (14:00 UTC)The economic calendar for September 26 includes three roughly equal-impact events. Market reaction to the news may weaken in the second half of the day. GBP/USD Forecast and Trader Recommendations: Selling the pair was possible when it closed below the 1.3482 level on the hourly chart, targeting 1.3425 and 1.3332 — both targets have been reached. New sales are possible if a close occurs below 1.3332, with a target of 1.3226. Buyers may consider entering long positions on a rebound from the 1.3332–1.3357 level, targeting 1.3425 and 1.3482. Fibonacci grids are drawn from 1.3332 to 1.3725 on the hourly chart and from 1.3431 to 1.2104 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com

Key takeaways Gold hit a fresh all-time high at US$3,791 on 23 September before consolidating in a short-term uptrend.Current price action forms an “Ascending Triangle”, signalling potential for a bullish continuation if resistance at US$3,785 is cleared.Key short-term support is at US$3,688; holding above this level keeps the bullish bias intact.US 10-year Treasury real yield remains capped below 1.87%, supporting Gold’s appeal as a non-yielding asset. This is a follow-up analysis and a timely update of our prior publication, “Gold (XAU/USD): Short-term bullish acceleration intact towards new all-time highs above US$3,660 key support”, published on 22 September 2025. The precious yellow metal has staged the expected rally and hit the predefined resistance of US$3,776, as highlighted in our report. Gold (XAU/USD) printed an intraday all-time high of US$3,791 on Tuesday, 23 September 2025, and shaped a minor slide of -19% to hit an intraday low of US$3,717 on Wednesday, 24 September, before it traded sideways. Despite a stronger US dollar seen ex-post FOMC, where the US Dollar Index recorded a week-to-date gain of 0.8% as of the time of writing on Friday, 26 September 2025, Asia session, Gold (XAU/USD) has remained resilient with a week-to-date gain of 1.6%. Read also: What’s happening in this volatile session? A look around global markets Let’s now focus on the latest short-term trajectory (1 to 3 days), relevant key elements, and key levels to watch for Gold (XAU/USD) from a technical analysis perspective ahead of today’s key US PCE data (inflation, personal income, and spending) releases. Fig. 1: Gold (XAU/USD) minor trend as of 26 Sep 2025 (Source: TradingView) Fig. 2: 10-year US Treasury real yield with Gold (XAU/USD) major trend as of 26 Sep 2025 (Source: TradingView) Preferred trend bias (1-3 days) Since its US$3,791 current intraday all-time high, Gold (XAU/USD) has started to consolidate in a potential minor bullish continuation configuration called “Ascending Triangle” within its short-term uptrend phase in place since 22 August 2025 low. Maintain bullish bias for Gold (XAU/USD) with a tightened short-term pivotal support at US$3,688, and a clearance above US$3,785 (“Ascending Triangle” range resistance) opens scope for another bullish impulsive up move sequence towards the next intermediate resistances at US$3,820/3,840 and US$3,865 (Fibonacci extension cluster) (see Fig. 1). Key elements The ongoing consolidation for Gold (XAU/USD) is taking place within its minor ascending channel in place since 22 August 2025 low. The upper boundary/resistance of the minor ascending channel stands at around US$3,865/3,890 (see Fig. 1).The hourly RSI momentum indicator of Gold (XAU/USD) remains above an ascending support at around the 50 level (see Fig. 1).The 10-year US Treasury real yield (excluding 10-year breakeven inflation rate) medium-term downtrend remains intact despite an ongoing bounce seen from a key near-term support at 1.66% from last Wednesday, 17 September 2025, as it remained below its 50-day moving average that is acting as key medium-term resistance at 1.87% (see Fig 2).Based on intermarket analysis, a cap on any further rebound in the 10-year US Treasury real yield below 1.87% reduces the opportunity costs of holding Gold (XAU/USD) as it is a non-income-bearing asset, in turn, creating a further positive feedback loop back into the price actions of Gold (XAU/USD) (see Fig. 2).Alternative trend bias (1 to 3 days) Failure to hold at the US$3,688 key short-term support on Gold (XAU/USD) invalidates the bullish consolidation scenario for a deeper mean reversion minor corrective decline sequence to expose the next intermediate supports at US$3,660 and US$3,620 (also close to the 20-day moving average). 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.

Crypto analyst Kevin (Kev Capital TA) told viewers late on September 25 that Bitcoin’s pullback is tracking a familiar seasonal and structural script—and that the market’s next major impulse hinges on a clearly defined support range. “Hold $107k to $98K,” he said, calling the zone the fulcrum for the bull cycle’s next leg. “That’s it. It’s that simple.” Opening his stream amid a rush of bearish sentiment as BTC price dipped to $108,651, Kevin argued the drawdown should not surprise disciplined traders. He framed the current move in the context of months of caution dating back to early August, when he began highlighting weekly bearish divergences across Bitcoin, Ethereum and the total altcoin market (Total2), into what he described as four-plus-year resistance zones. “Everyone thinks these symmetrical triangle patterns after a move higher are continuation patterns,” he said, “but in reality, in the crypto market, very, very rarely do these break out to the upside.” He pointed to a progression of smaller impulse highs since late 2023 and reiterated that despite sharp rallies in select altcoins, the majors failed to clear “any major resistance levels.” Bitcoin Top In Until Proven Otherwise The anchor of Kevin’s case is confluence on higher time frames. On Bitcoin’s weekly chart, he outlined rising price highs against falling momentum—“simple strength and momentum indicators,” not signals by themselves but context that “has been dwindling for a very long time.” Total2, he added, registered “a triple top on the weekly” beneath roughly $1.71–$1.74 trillion—“the all-be-all resistance level”—with weekly RSI and MACD rolling over. Stocks of momentum, in his read, are resetting precisely where they should amid historically thin late-summer liquidity. “Q3 is never a good quarter for crypto,” Kevin said. “August, September are terrible months. They always are.” Against that backdrop, he argued that USDT dominance remains the most reliable inter-market compass. “USDT dominance is the greatest chart ever. There is no better chart,” he said, walking through a macro descending triangle with a flat-bottom support near 3.9–3.7% and repeated rallies to a falling trendline that have mapped crypto cycle lows and highs for two years. Each approach to the flat bottom, he noted, has carved a W- or inverse-head-and-shoulders-style base in USDT.D while Bitcoin distributed near local tops; each rejection at the downtrend has coincided with crypto inflections. “You literally don’t need any chart in all of crypto,” he said. “All you need is Bitcoin and USDT dominance and you would have played this cycle absolutely perfectly.” From a tactical standpoint, Kevin flagged a three-month BTC liquidity “heat map” shelf near $106.8K and the 21-week EMA—the bull-market support band—near $109.2K as natural magnets, with the lower weekly Bollinger Band sitting around $101K. He stressed he doesn’t want to see “Bitcoin lose 106.8K” if the cycle remains intact, though a wick into that area to “swipe the liquidity” would be consistent with prior resets. He framed $98K as the line that should not break decisively. “There’s a whole lot of support in that range,” he said. “I’d be pretty shocked if Bitcoin wasn’t able to bounce in there somewhere.” All Eyes On Q4 Seasonality Kevin tied structural signals to an explicit macro checklist, arguing that lasting cycle tops and bottoms align with fundamental catalysts rather than charts alone. He cited 2021’s inflation spike and the onset of the Fed’s hiking cycle as the driver of that cycle’s 55–60% drawdown, the 2017 CME Bitcoin futures launch as a blow-off top catalyst, and the FTX collapse as the final capitulation in 2022 amid weekly bullish divergence. “There’s always a macro-related reason that correlates with the charts,” he said. By contrast, he sees no such cycle-ending macro trigger today: inflation gauges have been “very choppy” but contained; the Fed is widely expected to ease into year-end provided labor softens; and seasonality favors Q4. He underscored the near-term calendar—core PCE, CPI and labor data in the first half of October—as decisive for risk appetite. “Sometime in mid-October… we’ll start to have an idea of where this market is really going to go,” he said. “If we get to mid-October and Bitcoin’s holding key support… and we get good macroeconomic data, we get another rate cut… the probabilities favor that Bitcoin will [go higher]—and then you’re in Q4.” Volatility positioning, he added, argues for a sharp directional move once the reset completes. On the weekly Bollinger Band Width, Kevin said BTC has printed record-low readings three times this cycle—each in Q3—and each episode began with a downside break of 18–29% before surging to fresh highs. “There is a massive move coming for Bitcoin soon. It has not happened yet,” he said, noting spot volumes have declined since November while bands have tightened to historic extremes. A test of the lower weekly band near $101K “is possible,” but not required, in his view; the key is that the broader $107K–$98K corridor functions as a springboard. Kevin was equally explicit about invalidation and upside triggers. He labeled $125K “a major top for now” and said the market needs weekly and monthly closes above that level to confirm trend continuation. On dominance, he highlighted 59.0% and 60.28% as near-term resistance that could fuel a BTC-led phase if reclaimed; otherwise, he expects leadership to rotate back to altcoins once Bitcoin bases and USDT dominance prints a lower high. “Stop looking at the altcoins” until those inter-market signals flip, he advised, emphasizing patience, risk management and taking profits into resistance. His bottom line combines restraint with opportunism. “Hold $107k to 98K,” he repeated. “Go into October. Get through the first couple of weeks of macroeconomic data… Bitcoin will inevitably find a low on the back of that data and then eventually go higher.” But he warned that if macro arrives benign and “Bitcoin is still deteriorating,” traders should be ready to reassess the cycle thesis. Until then, Kevin’s message remains unapologetically unglamorous: respect the seasonal chop, track the inter-market tells, and let the higher-time-frame levels do the talking. “Being right is the best pat on the back you can get,” he said. “Not just saying things that get you a lot of clicks.” At press time, BTC traded at $109,607.

Yesterday, the U.S. stock market experienced a major sell-off, and the American dollar strengthened after U.S. President Donald Trump announced a new package of tariffs on pharmaceutical products, heavy trucks, and furniture, including a 100% tariff on patented drugs—unless the drug manufacturer builds a production facility in the United States. This decision sparked a wave of criticism from pharmaceutical companies and trade partners, who called it a protectionist measure that could cause significant harm to global trade and make it harder for patients to access essential medications. Industry representatives voiced concerns about the potential increase in drug prices and a decline in innovation within the pharmaceutical sector. Investors reacted nervously, fearing the onset of a new trade war. Shares of pharmaceutical companies plummeted, and the tech sector—which heavily relies on global supply chains—also suffered negative impacts. "Starting October 1, 2025, we will impose a 100% tariff on any branded or patented pharmaceutical product unless the company is building its pharmaceutical plant in America," Trump wrote on social media Thursday. "Therefore, if construction has already begun, those pharmaceutical products will not be subject to the tariff." Trump's statement was one of several relating to new industry-specific tariffs set to take effect next Wednesday. Imported heavy trucks will be subject to a 25% tariff, kitchen cabinets and bathroom vanities to a 50% tariff, and imported upholstered furniture to a 30% tax. Trump's posts contained no further details. The pharmaceuticals plan described by the president may include broad exemptions for companies operating in the United States. The White House has not yet commented on the matter. According to Bloomberg, the levy on branded pharmaceutical products could raise the average U.S. customs duty by 3.3 percentage points, though this impact could be offset by exemptions for companies building domestic production capacities. Singapore and Switzerland are among the most affected, though the United Kingdom also exports a substantial portion of pharmaceuticals to the U.S. Analysts note that in the trade agreement with the U.S., it was mentioned that special rates would be considered in the event of a new Section 232 tariff, but no officially agreed rate has been reached. A similar approach appears to be applied to Japan. The Trump administration is also reportedly considering a plan to reduce U.S. dependence on foreign semiconductor manufacturing. According to media reports, the administration will push for companies to produce as many chips in the U.S. as they do overseas. As for the current technical outlook for EUR/USD, buyers now need to target the 1.1710 level. Only a break above that will open the way to test 1.1740. From there, a climb to 1.1770 is possible, though achieving this without support from major players will be quite difficult. The furthest target is the 1.1820 high. In the event of a decline, significant buyer activity is expected around the 1.1660 level. If no support is found there, it would be advisable to wait for a test of the 1.1615 low or open long positions from around 1.1575. Regarding the current technical picture for GBP/USD, pound buyers need to break the nearest resistance at 1.3380. Only that will allow them to aim for 1.3420—breaking above which could prove quite difficult. The furthest target is the 1.3460 level. In the event of a drop, bears will try to reclaim control of the 1.3325 level. If successful, a break of this range would seriously damage the bulls' positions and send GBP/USD to a low of 1.3280, with a potential move towards 1.3240. The material has been provided by InstaForex Company - www.instaforex.com

Yesterday's U.S. GDP report triggered a surge in demand for the U.S. dollar and a sell-off in risk assets — and it comes as no surprise. According to the data, the U.S. economy grew in the second quarter at its fastest pace in nearly two years, after the government revised its previous estimate of consumer spending. According to the report released Thursday by the Bureau of Economic Analysis, inflation-adjusted gross domestic product (GDP) rose at an annual rate of 3.8%, based on revised data. This is higher than the preliminary estimate of 3.3%, and clearly much stronger than the 0.5% contraction in the first quarter. The acceleration in economic growth was primarily driven by stronger consumer spending, increased investment in non-residential assets, and a rise in government expenditures. Despite concerns about inflation, consumers continue to spend actively, supporting demand across various sectors of the economy. Increased business investment in new equipment and technologies indicates growing optimism about future prospects and a push to boost productivity. Additionally, a rise in exports of goods and services had a positive impact and contributed to a larger trade surplus. The Bureau of Economic Analysis (BEA) also released its annual update to the national economic accounts, which showed that real GDP continued to grow at an average rate of 2.4% per year from 2019 to 2024. The revisions present a picture of an economy that rebounded quickly from the initial shock caused by the pandemic and has since transitioned into a period of more stable, trend-based growth amid persistent inflation. The most recent quarterly GDP figures confirm that the economy recovered in the second quarter after a massive surge in imports early in the year, when companies rushed to stock up on goods ahead of tariff hikes by President Donald Trump. The third quarter also shows strength, with recent reports highlighting resilient consumer spending and continued business investment in equipment. Separate data for August, also released Thursday, showed solid growth in equipment orders, while the goods trade deficit shrank more than expected. Initial jobless claims last week fell to their lowest level since mid-July. Clearly, the latest GDP and unemployment claims data are likely to ease concerns sparked by the weak August employment report. Demand for the dollar has returned, as all of this could influence the pace of interest rate cuts at the two remaining Federal Reserve meetings this year. Economists continue to exercise caution, factoring in persistently high inflation and expecting a more moderate rate-cut trajectory. As for the current EUR/USD technical picture, buyers now need to focus on reclaiming the 1.1710 level. Only then can a test of 1.1740 come into view. From there, a move toward 1.1770 is possible, though achieving this without support from major players will be quite difficult. The most distant bullish target would be the high at 1.1820. If the instrument declines, I expect significant buying interest only near the 1.1660 level. If no strong buyers are present there, it would be ideal to wait for a retest of the 1.1615 low or consider opening long positions from 1.1575. Regarding the GBP/USD technical picture, pound buyers need to reclaim the nearest resistance at 1.3380. Only that would allow them to aim for 1.3420, though breaking above this level could prove to be quite challenging. The furthest upward target would be the 1.3460 level. In the event of a decline, bears will likely attempt to regain control around 1.3325. If successful, a breakout of this range could deal a serious blow to the bulls' positions and push GBP/USD toward a low of 1.3280, with the potential to reach 1.3240. The material has been provided by InstaForex Company - www.instaforex.com

Trend Analysis (Fig. 1) On Friday, the market may continue moving downward from the 1.3340 level (yesterday's daily candle close), targeting 1.3293 – a historical support level (blue dashed line). Upon testing this level, a corrective upward movement is possible, with a target of 1.3322 – the lower fractal (daily candle from September 25, 2025). Fig. 1 (daily chart) Comprehensive Analysis: Indicator analysis – down;Fibonacci levels – down;Volumes – down;Candlestick analysis – down;Trend analysis – down;Bollinger Bands – down;Weekly chart – up.Overall Conclusion: Downward trend. Alternative Scenario: The price from the 1.3340 level (yesterday's daily candle close) may continue to move lower, targeting 1.3278 – the 76.4% retracement level (yellow dashed line). Upon testing this level, a corrective upward movement is possible, targeting 1.3293 – the historical support level (blue dashed line). The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin just broke key resistance and crashed, right after the $1.7 billion total crypto liquidation four days ago, followed by another crypto liquidation clocking at $1.12 billion. However, ETH is leading the liquidation numbers with $425M long liquidations over the $272M BTC. More than 250.000 traders were liquidated, with the largest single liquidation happening on Hyperliquid, an ETH-USD pair with a value of $29.12 million. Is this going to be the bottom that traders are looking for in October, or is this the start of the bear market? Let’s find out. (Source – Coinglass) Bitcoin Crash or Generational Entry? Bitcoin was rejected from the $114K level, baiting many longs into the trap. Longs were liquidated by more than 10 folds the shorts. The BTC price was dumped straight below the POC level of the Volume Profile indicator, sending the whole altcoin market even deeper. Right now, the RSI indicator is flashing bullish divergence, with BTC price stopping at the bottom line of the VP indicator and finding support in the $108K-$110K price level. Many traders see this as an entry point for the upcoming month, especially with the upcoming rate cut that could potentially send Bitcoin higher. (Source – TradingView) On a daily timeframe, we can see a place of interest that aligns with the $108K-$110K zone. However, if that doesn’t hold, we could expect Bitcoin to crash once again, this time taking us even deeper. That would send BTC to retest the 200 SMA (Smoothed Moving Average) and possibly test the overall bull market trend. Right now, if buyers step in, we can see a strong V-shaped reversal, meaning we are ready for another leg up. (Source – TradingView) DISCOVER: 10+ Next Crypto to 100X In 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Bitcoin crash to $108.800 tottalling $1.12Bn in liquidations. 10 times more longs were just liquidated than shorts. The post Why Did Crypto Just Dropped? Bitcoin Broke Key Resistance Level appeared first on 99Bitcoins.

Trend Analysis (Fig. 1) On Friday, the market may continue its downward movement from the 1.1665 level (yesterday's daily candle close), targeting 1.1608 – the lower fractal (daily candle from September 3, 2025). Upon testing this level, a corrective upward movement is possible, with a target of 1.1645 – the lower fractal (daily candle from September 25, 2025). Fig. 1 (daily chart) Comprehensive Analysis: Indicator analysis – down;Fibonacci levels – down;Volumes – down;Candlestick analysis – down;Trend analysis – down;Bollinger Bands – down;Weekly chart – up.Overall Conclusion: Downward trend. Alternative Scenario: Today, the price from the 1.1665 level (yesterday's daily candle close) may start moving downward with a target of 1.1645 – the lower fractal (daily candle from September 25, 2025). Upon testing this level, a corrective upward movement is possible, targeting 1.1655 – the 50% retracement level (blue dashed line). The material has been provided by InstaForex Company - www.instaforex.com

For a long time, markets have operated in a tug-of-war mode: signs of US economic weakness have pulled the S&P 500 down, but expectations of Federal Reserve rate cuts and faith in artificial intelligence technology have tipped the balance in the other direction. The broad equity index repeatedly hit record highs. However, by the end of September, everything seemed to turn upside down. A three-day decline became its longest losing streak in a month. S&P 500 Dynamics It's as if the actors switched roles. Impressive data on GDP, jobless claims, and durable goods orders did not help the S&P 500 "bulls." Meanwhile, the odds of a Fed rate cut in October only fell slightly—from 94% to 89%. This combination of a resilient economy and continued faith in monetary easing suggests that the main reason for the broader market's pullback has been the impact of artificial intelligence. Over the past three years, tech giants have invested as much money in AI as was spent over forty years building the US interstate highway system. Nobody knows when these investments will pay off. According to Sequoia, it would require $800 billion in lifetime chip revenues. For most chips, that lifespan is about 3–5 years. US Economic Dynamics According to research by Morgan Stanley, revenue from AI products in 2024 reached $45 billion. Companies have profited mainly via two channels: subscription fees for chatbots and usage fees for data centers. When the tech sector will be able to close the gap is a trillion-dollar question. The situation is painfully reminiscent of the turn of the 21st century, when companies poured huge amounts of money into internet technologies, inflating the dotcom bubble. When it burst, it was the tech sector that suffered the most. Investors are increasingly paying attention to the elevated valuation of the S&P 500. Currently, the broad market index is trading at nearly 23 times expected earnings over the next 12 months. This is only the third time the P/E ratio has been so high, with the previous two occurring during the dotcom crisis and the COVID-19 pandemic. Still, if the US economy remains on a solid footing and the Fed does indeed cut rates, the idea of buying the dip in US stocks seems viable. After all, there is no panic about artificial intelligence—just doubts. Technical Picture: On the S&P 500 daily chart, there was a rebound from support at the pivot level near 6570, with a doji bar forming with a long lower shadow. As a result, long positions were opened. The opportunity to increase those positions will arise if the high of the doji bar, near 6620, is broken. The material has been provided by InstaForex Company - www.instaforex.com

Dogecoin (DOGE), the leading memecoin in the cryptocurrency space, has faced significant challenges this week, experiencing a 22% decline. According to data from CoinGecko, DOGE is nearly 70% lower than its all-time high of $0.73. Despite these setbacks, analysts remain optimistic about Dogecoin’s future price performance. Dogecoin On Track For Major Rally The anticipated onset of an altcoin season in the last quarter of the year, combined with critical support levels, has contributed to a bullish sentiment among market watchers. Analysts at Bitcoinsensus have boldly asserted on social media site X (formerly Twitter), that Dogecoin is on the cusp of a significant upward movement, citing the cryptocurrency’s ascending trendline support visible on its weekly chart. Their analysis indicates that Dogecoin is mirroring the patterns of previous rallies that saw price increases of 300% and 500% between September and November of last year. This suggests that even with the current corrections pushing the price below $0.20, DOGE remains well-positioned to resume its upward momentum at any time. The crucial support level they identified stands at $0.14, a threshold that, if maintained, could lead to a rapid rebound. Bitcoinsensus forecasts a potential target of $1.30 for Dogecoin, implying an extraordinary rally of 800% for bullish investors. This is reinforced by the broader economic context, particularly in light of recent jobless claims and gross domestic products (GDP) reports. Path To Recovery, Key Support And Resistance Levels Analysts from The Motley Fool noted that weekly jobless claims for the week ending September 20 showed a decrease to 218,000, falling below expectations and indicating a resilient labor market. Meanwhile, the US Commerce Department revised its second-quarter gross domestic product estimate upward to 3.8%, reflecting robust consumer spending, the strongest quarterly growth seen in over two years. Such economic indicators could positively influence cryptocurrency prices, as investors often rotate from traditional assets like the Nasdaq and S&P 500 into riskier assets, including Dogecoin. This movement could potentially spark a new altcoin season, provided that sufficient liquidity enters the market. Looking ahead, Dogecoin faces key resistance levels that need to be overcome for a sustained recovery. The memecoin’s price has been rejected at $0.24 three times, with additional obstacles at $0.27 and $0.28. Achieving a breakthrough in these areas could set the stage for a move toward the $0.30 mark. Conversely, should DOGE retrace, strong psychological support is seen at $0.14, with further levels at $0.21, $0.19, and $0.16, which have historically acted as significant bounce points for the token. At the time of writing, the memecoin’s price attempts to stop its ongoing correction at $0.222. Featured image from DALL-E, chart from TradingView.com

Trade Review and Advice on Trading the Japanese YenA test of the 148.95 level occurred when the MACD indicator had already moved well above the zero mark, which limited the upside potential for the pair. For this reason, I did not buy the dollar and missed the entire upward move. The upward revision of US Q2 GDP to 3.8% from 3.0% acted as a catalyst not only for dollar strength but also triggered a real storm across currency markets—most notably seen in the sharp sell-off of the Japanese yen. This unexpected acceleration in the US economy has given the dollar's sails a boost, propelling it confidently forward, while the yen has suffered the brunt of the move. Investors, buoyed by positive news from the US, rushed to dump the yen in favor of more attractive US dollar-denominated assets. This led to a steep decline in the Japanese currency, making many ponder the further prospects of Japan's economy. Dollar strength against the yen isn't just numbers on the screen—it's a signal about diverging monetary policies, although this gap might narrow in the near future. Today, Tokyo Consumer Price Index data was released, matching economists' expectations at 2.5%. Core prices also held steady from last month, at 2.5%. The yen, seemingly under a spell, showed no reaction to these releases. This raises questions about what is driving the Japanese currency lately. Perhaps markets have already priced in current inflation and are waiting for more substantial catalysts. Either way, the lack of reaction to Tokyo inflation data is a signal worth watching closely. As for the intraday strategy, I will focus more on implementing scenarios #1 and #2. Buy ScenarioScenario #1: I plan to buy USD/JPY today if it reaches the entry point near 149.78 (indicated by the green line on the chart), targeting a rise to 150.20 (represented by the thicker green line on the chart). Near 150.20, I will exit long positions and open shorts in the opposite direction (targeting a 30–35 pip reversal from the level). It's best to return to longs on corrections and significant pullbacks in USD/JPY. Important! Before buying, ensure the MACD indicator is above zero and is just beginning to rise from this level. Scenario #2: I also plan to buy USD/JPY if there are two consecutive tests of 149.60 while the MACD is in oversold territory. This should limit the pair's downside and trigger a reversal upward. Look for a move up to 149.78 and 150.20. Sell ScenarioScenario #1: I plan to sell USD/JPY only after a break below 149.60 (red line on the chart), which should quickly push the pair lower. The key bearish target will be 149.19, where I plan to exit shorts and immediately open longs in the opposite direction (20–25 pip reversal from the level). It's generally best to sell at the highest possible price. Important! Before selling, ensure the MACD is below zero and is just beginning to decline from the zero line. Scenario #2: I also plan to sell USD/JPY if there are two consecutive tests of 149.78 while the MACD is in overbought territory. This will limit upside and trigger a downward reversal. Expect a move down to 149.60 and 149.19. What's on the Chart:Thin green line – entry price at which the instrument can be bought. Thick green line – suggested price for taking profit or manually securing profits, as further growth above this level is unlikely. Thin red line – entry price at which the instrument can be sold. Thick red line – suggested price for taking profit or manually securing profits, as further decline below this level is unlikely. MACD indicator: When entering the market, it is important to refer to overbought and oversold areas. Important. Beginner forex traders should exercise extreme caution when making entry decisions. Before important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during the release of news, always use stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit, especially if you don't use money management and trade large volumes. And remember: for successful trading, you need a clear trading plan, as I described above. Making spontaneous trading decisions based on the current market situation from moment to moment is a losing strategy for an intraday trader. The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Advice on Trading the British PoundTesting the 1.3441 level coincided with the moment when the MACD indicator was just beginning to move downward from the zero line, confirming a good entry point for selling the pound. As a result, the pair dropped by more than 100 pips. The pace of US economic growth, revised upward to 3.8%, delivered a strong boost to the US dollar and, as a result, triggered a weakening in the British pound. This unexpected GDP growth for Q2 signals more resilience in the American economy than previously expected. The strengthening of the dollar, driven by favorable economic data, inevitably put pressure on other currencies, particularly the pound. Investors seeking greater stability and yield shifted their assets towards the US currency, further worsening the pound's situation. Today, there's no UK economic data, meaning pound buyers have a chance for a slight correction. This opportunity window, opened by the absence of macroeconomic publications, may serve as a brief respite for the pound's battered bears, who recently faced a massive onslaught from dollar bulls. However, remember that any correction is just a minor relief after a long race, not the finish line. The fundamental problems weighing on the British currency haven't disappeared. High inflation and the Bank of England's restrictive stance all continue to pose significant obstacles for a sustained pound recovery. As for the intraday strategy, I will focus more on implementing scenarios #1 and #2. Buy ScenarioScenario #1: I plan to buy the pound today if an entry point is reached near 1.3369 (the green line on the chart), targeting a rise to 1.3403 (the thicker green line on the chart). Near 1.3403, I plan to exit long positions and open shorts in the opposite direction (looking for a 30-35 pip reversal from the level). A strong pound rally is unlikely today. Important! Before buying, ensure the MACD indicator is above zero and is just beginning to move higher from the zero line. Scenario #2: I also plan to buy the pound if there are two consecutive tests of the 1.3345 price while the MACD is in oversold territory. This will limit the downside potential and lead to a reversal upwards. Growth to 1.3369 and 1.3403 can be expected. Sell ScenarioScenario #1: I plan to sell the pound after the 1.3345 level (red line on the chart) is updated, which will likely trigger a quick decline in the pair. The key bearish target is 1.3304, where I plan to close shorts and open immediate longs in the opposite direction (targeting a 20–25 pip reversal off the level). Pound sellers could become active at any moment. Important! Before selling, ensure the MACD is below zero and is just beginning to drop from the zero line. Scenario #2: I also plan to sell the pound if there are two consecutive tests of the 1.3369 level while the MACD is in overbought territory. This will limit the upside and trigger a downside reversal. A decline toward 1.3345 and 1.3304 can be expected. What's on the Chart:Thin green line – entry price at which the instrument can be bought. Thick green line – suggested price for taking profit or manually securing profits, as further growth above this level is unlikely. Thin red line – entry price at which the instrument can be sold. Thick red line – suggested price for taking profit or manually securing profits, as further decline below this level is unlikely. MACD indicator: When entering the market, it is important to refer to overbought and oversold areas. Important. Beginner forex traders should exercise extreme caution when making entry decisions. Before important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during the release of news, always use stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit, especially if you don't use money management and trade large volumes. And remember: for successful trading, you need a clear trading plan, as I described above. Making spontaneous trading decisions based on the current market situation from moment to moment is a losing strategy for an intraday trader. The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Advice on Trading the EuroA test of the 1.1738 level occurred just as the MACD indicator was starting to move down from the zero line, confirming a suitable entry point for a euro short. As a result, the pair moved down to the 1.1708 target area. Yesterday's upward GDP revision for the US (Q2) to an impressive 3.8% triggered strong buying of the US dollar. The U.S. economy displayed unexpected resilience, despite the Federal Reserve's aggressive monetary policy. This, in turn, boosts investor confidence that the US economy can continue to grow after rate cuts, which already began in September this year. Today, there is no significant fundamental news from the Eurozone—only the Spanish GDP report is likely to attract real attention. Positive surprises from Spain may be welcomed, but they are unlikely to alter the broader picture. More important is the speech by ECB President Christine Lagarde. Investors will scrutinize every statement she makes. Nonetheless, given the current inflation level and slowing eurozone growth, the ECB has scope for flexible action. Most likely, Lagarde will stick to cautious language, avoiding bold remarks that could destabilize the markets—something that won't help the euro rise. As for the intraday strategy, I will focus more on implementing scenarios #1 and #2. Buy ScenarioScenario #1: Buy EUR today if the price reaches around 1.1690 (green line on the chart), targeting a rise to 1.1719. At 1.1719, I'll exit long trades and immediately sell for a potential 30–35 pip move from entry. You should only expect euro growth after strong data. Important! Before buying, ensure the MACD indicator is above the zero line and is just starting to rise from it. Scenario #2: Also, plan to buy euros today in case of two consecutive tests of the 1.1672 price level while the MACD is in the oversold area. This should limit the downside potential and prompt a reversal upwards. You can look for a move up to 1.1690 and 1.1719. Sell ScenarioScenario #1: I plan to sell the euro after reaching 1.1672 (red line on chart), targeting a move down to 1.1637, where I'll exit and immediately buy for a 20–25 pip reversal off the level. Downward pressure will return if the data is weak. Important! Before selling, ensure the MACD is below zero and is only just starting to decline from this level. Scenario #2: Additionally, plan to sell the euro today in case of two consecutive tests of 1.1690, while the MACD remains in the overbought area. This will limit further upside and could trigger a reversal down. You can look for a decline to 1.1672 and 1.1637. What's on the Chart:Thin green line – entry price at which the instrument can be bought. Thick green line – suggested price for taking profit or manually securing profits, as further growth above this level is unlikely. Thin red line – entry price at which the instrument can be sold. Thick red line – suggested price for taking profit or manually securing profits, as further decline below this level is unlikely. MACD indicator: When entering the market, it is important to refer to overbought and oversold areas. Important. Beginner forex traders should exercise extreme caution when making entry decisions. Before important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during the release of news, always use stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit, especially if you don't use money management and trade large volumes. And remember: for successful trading, you need a clear trading plan, as I described above. Making spontaneous trading decisions based on the current market situation from moment to moment is a losing strategy for an intraday trader. The material has been provided by InstaForex Company - www.instaforex.com

Yesterday, Bitcoin plunged below $109,000, triggering panic in the market. Ethereum also remained below $4,000, indicating ongoing active selling that has been seen recently. It's clear that BTC began to see heavy selling right after the FOMC, and a couple of failed attempts to rise above $118,000 only encouraged even more short positions from speculators. The overall market structure now points to fading momentum. According to Glassnode data, there is currently heavy selling from long-term holders, but these sales are not being absorbed, as inflows to ETFs have slowed significantly lately. This is worrisome, since long-term holders are traditionally seen as the most stable and confident market participants. Their actions often act as a sentiment indicator and a harbinger of broader changes. The drop in ETF inflows highlights weakening institutional interest or at least a cautious stance from large investors. All of this suggests that Bitcoin's decline is far from over, and current "attractive" prices may not be that attractive if we revisit the $100,000 mark on Bitcoin. In the options market, there is also a significant skew toward puts (i.e., sellers). On the other hand, if we hold above 109,000 in the coming days, there is a decent chance for a bounce back toward 112,000–113,000, continuing consolidation and accumulation. Regarding the intraday strategy on the crypto market, I will continue to act on any major dips in Bitcoin and Ethereum, expecting the medium-term bull market—which has not disappeared—to remain in effect. For short-term trading, my strategy and trade conditions are described below. BitcoinBuy ScenarioScenario #1: I will buy Bitcoin today if the entry point, currently around $109,900, is reached, with an upside target of $111,800. At $111,800, I will exit longs and immediately sell on a bounce. Before buying a breakout, make sure the 50-day moving average is below the current price, and the Awesome Oscillator is in positive territory.Scenario #2: You can also buy Bitcoin from the lower boundary at $108,900 if there is no market reaction to a breakout below it, targeting a rebound to $109,900 and $111,800.Sell ScenarioScenario #1: I will sell Bitcoin today if the entry point at $108,900 is reached, targeting a fall to $107,200. At $107,200, I'll exit shorts and immediately buy on a bounce. Before selling a breakout, make sure that the 50-day moving average is above the current price, and the Awesome Oscillator is in negative territory.Scenario #2: You can also sell Bitcoin from the upper boundary of $109,900 if there is no market reaction to a breakout above it, targeting a move down to $108,900 and $107,200. EthereumBuy ScenarioScenario #1: I will buy Ether today if the entry point is reached at around $3,981, with a target of $4,116. At $4,116, I'll exit longs and immediately sell on a bounce. Before buying a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is positive.Scenario #2: You can also buy Ether at the lower boundary of $3,912 if there is no market reaction to a breakout below it, targeting a rebound to $3,981 and $4,116.Sell ScenarioScenario #1: I will sell Ether today if the entry point at $3,912 is reached, targeting a fall to $3,786. At $3,786, I'll exit shorts and immediately buy on a bounce. Before selling a breakout, make sure the 50-day moving average is above the current price and the Awesome Oscillator is negative.Scenario #2: You can also sell Ether from the upper boundary of $3,981 if there is no market reaction to a breakout above it, targeting moves to $3,912 and $3,786.The material has been provided by InstaForex Company - www.instaforex.com

The gold price traded around 3,744, bouncing within the upward trend channel formed since September 10 and attempting to break the strong resistance at 3,753. If the gold price consolidates above 3,753 in the coming hours, it could resume its upward cycle, and gold could reach 3,828 around +1/8 Murray. If the gold price falls below 3,730, we could expect a strong breakout of the uptrend channel, and the price could return to the 7/8 Murray price levels around 3,671. The outlook remains bullish for the XAU/USD as the eagle indicator is showing a positive signal, so we will wait for a positive buy scenario to occur only if the price consolidates above 3,753. Conversely, as long as the instrument trades below the 8/8 Murray level, it will be seen as a signal to continue selling with targets at 3,720, 3,698, and 3,671. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin is trading around 109,607, rebounding after reaching a low of 108,659. If Bitcoin consolidates above 3/8 Murray in the coming hours, we could expect it to return to the $110,000 level, and could even reach 4/8 Murray at 112,500. When Bitcoin unsuccessfully attempted to break the bearish trend channel resistance around $114,000, it initiated a strong bearish sequence, reaching the key support at 3/8 Murray. If the Bitcoin price consolidates below $109,375, it could continue its bearish sequence and reach the 2/8 Murray level around $106,250. The eagle indicator has reached oversold levels, so it's likely that the Bitcoin price will consolidate above $108,000 in the coming days. We could expect BTC to consolidate above 3/8 of the Murray level, which could set the stage for a BTC recovery. The material has been provided by InstaForex Company - www.instaforex.com

The euro is trading around 1.1676, below the 200 EMA, below the 21 SMA and within the bearish trend channel formed on September 16. The euro managed to break below the strong support of Murray's 8/8 and the 200 EMA during yesterday's American session. This is likely to be the beginning of a bearish sequence, provided that the EUR/USD pair remains below 1.1840. If the euro recovers and tests the support at 1.1718, which has now become resistance, and if it fails to break above it, the bearish cycle could resume. On the other hand, if bearish pressure continues, we expect the euro to reach 1.1596. Then, EUR/USD could even fall to the psychological level of 1.1500. If the instrument recovers and settles above 1.1720, the outlook could be positive, and we could expect a sharp breakout of the downtrend channel, with EUR/USD potentially returning to the 1.1840 level. The eagle indicator on the H4 chart has reached oversold levels, so a recovery in EUR/USD is expected in the coming days. We could see it trading in the range between 1.1630 and 1.1770. The material has been provided by InstaForex Company - www.instaforex.com

[Solana] – [Saturday, September 26, 2025] With both EMAs forming a Death Cross, accompanied by the RSI in the Neutral-Bearish zone and confirmed by the appearance of a Hidden Bearish Divergence, Solana is likely to weaken today. Key Levels 1. Resistance. 2 : 219.88 2. Resistance. 1 : 208.08 3. Pivot : 200.83 4. Support. 1 : 189.03 5. Support. 2 : 181.78 Tactical Scenario Pressure Zone: If the price breaks down and closes below 189.03, Solana has the potential to continue weakening down to 181.78. Momentum Extension Bias: If 181.78 is breached and closes below, Solana could weaken further down to 169.98. Level Invalidation / Bias Revision The downside bias is contained if Solana strengthens and breaks out to close above 219.88. Technical Summary EMA(50) : 201.61 EMA(200): 213.84 RSI(14) : 31.35 + Hidden Bearish Divergent Economic News Release Agenda: Tonight, several economic data releases from the United States, including: US - Core PCE Price Index m/m - 19:30 WIB US - Personal Income m/m - 19:30 WIB US - Personal Spending m/m - 19:30 WIB US - Revised UoM Consumer Sentiment - 21:00 WIB US - Revised UoM Inflation Expectations - 21:00 WIB The material has been provided by InstaForex Company - www.instaforex.com

Solana started a fresh decline from the $232 zone. SOL price is now showing bearish signs and might even decline toward the $180 support. SOL price started a fresh decline below $232 and $220 against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $204 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could extend losses if it stays below $204 and $212. Solana Price Dips Sharply Solana price failed to stay above $232 and started a fresh decline, like Bitcoin and Ethereum. SOL traded below the $220 and $212 support levels to enter a bearish zone. The bears even pushed the price below $200 and the 100-hourly simple moving average. A low was formed at $191 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $242 swing high to the $191 low. Solana is now trading below $200 and the 100-hourly simple moving average. Besides, there is a key bearish trend line forming with resistance at $204 on the hourly chart of the SOL/USD pair. If there is a recovery wave, the price could face resistance near the $200 level. The next major resistance is near the $204 level or the trend line. The main resistance could be $215 or the 50% Fib retracement level of the downward move from the $242 swing high to the $191 low. A successful close above the $215 resistance zone could set the pace for another steady increase. The next key resistance is $220. Any more gains might send the price toward the $232 level. More Losses In SOL? If SOL fails to rise above the $204 resistance, it could continue to move down. Initial support on the downside is near the $192 zone. The first major support is near the $188 level. A break below the $188 level might send the price toward the $180 support zone. If there is a close below the $180 support, the price could decline toward the $174 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $192 and $188. Major Resistance Levels – $204 and $215.

A cryptocurrency analyst has explained how a Chainlink triangle breakout setup could point to a massive $100 target for the asset’s price. Chainlink Is Coiling Inside A Triangle Right Now In a new post on X, analyst Ali Martinez has talked about a triangle pattern forming in the weekly price of Chainlink. Triangles refer to consolidation channels from technical analysis (TA) that involve an asset trading between two converging trendlines. Like any other consolidation channel, the upper trendline acts a source of resistance, while the lower one that of support. In other words, tops can be likely to occur on retests of the former and bottoms at the latter. There are a few different types of triangles, with some of the popular ones being the ascending, descending, and symmetrical variations. The orientation of the trendlines decides which type a particular triangle falls into. Ascending and descending triangles have one trendline parallel to the time-axis: upper line in the former and lower one in the latter. Symmetrical triangles lie between the two, having both lines at a roughly equal and opposite slope. Chainlink has potentially been trading inside a triangle over the last few years, but as the below chart shared by Martinez shows, this particular triangle doesn’t cleanly fit into any of these types. From the graph, it’s visible that Chainlink’s triangle lies is angled upward, but not fully, so it lies somewhere between a symmetrical triangle and an ascending one. LINK made a retest of the upper line of the pattern earlier in the year and ended up finding rejection. The cryptocurrency is now on the way down, but the analyst thinks an extended drawdown may not actually be so bad. “A dip to $16 on Chainlink $LINK would be a gift,” says Martinez. This price is where the 0.5 Fibonacci level lies. Fibonacci Extension/Retracement levels are lines drawn using ratios derived from the famous Fibonacci series. The analyst has taken LINK’s top and bottom from the last few years as the 1 and 0 levels, respectively, and has drawn retracement levels between them. The $16 mark happens to be where one such key retracement level lies. Martinez has highlighted in the chart what path the asset could end up following if it bounces off this level. It would appear that in the analyst’s view, a rebound from the line could end up leading to a breakout from the triangle and set a potential target at the 1.272 extension level, drawn up from the 1 level (top). In Chainlink price terms, this level corresponds to almost $100. It now remains to be seen whether LINK will break out of the triangle in the near future, and whether a setup similar to the analyst’s would play out. LINK Price At the time of writing, Chainlink is floating around $20.25, down over 17% in the last seven days.