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Stay ahead of the crypto game and trade in the Octa app 💡 What's happening? The Bitcoin market is favourable for growth, but key hurdles remain. Here's what's shaping the landscape: 🔹 Czech National Bank explores BTC investments. 🔹 Norges Bank boosts Bitcoin exposure. 🔹 The SEC advances a Bitcoin & Ethereum ETF proposal. 📊 Market outlook BTCUSD remains range-bound between $90,000 and $108,000. While a bullish breakout isn't off the table, institutional adoption will be a key driver. If Bitcoin breaks $108,000, analysts see a high probability of a push toward $120,000.

📊 Gold rises due to approaching deadline for trade tariffs decision The gold (XAU) price increased by more than 1% and reached a new all-time high on Thursday as safe-haven demand increased due to U.S. trade tariff threats. 👉 Possible effects for traders 'We are seeing keener uncertainty and anxiety about the Trump administration's new policies on trade and foreign policy ... fresh technical buying coming in as prices are trending higher now in both gold and silver', said Jim Wyckoff, a senior market analyst at Kitco Metals. Shortly after taking office, U.S. President Donald Trump threatened to impose 25% import tariffs on Canada and Mexico and a 10% duty on Chinese goods on 1 February. The deadline is tomorrow, and White House spokeswoman Karoline Leavitt recently confirmed that the president still plans to go ahead with the tariffs. Together, these three countries account for over $2.1 trillion in annual U.S. imports and exports, so tariffs can seriously destabilise global trade and fuel more inflation. Gold tends to rally during economic uncertainty, inflationary pressures, or when traditional financial markets experience significant volatility. Investors seek a safe haven asset that historically retains its value over time, fleeing to gold. 'Gold is shining as a safe haven asset, with investors seeking shelter to weather the storm of unpredictability', said Susannah Streeter, a head of money and markets at Hargreaves Lansdown. XAUUSD was relatively flat during the Asian and early European trading sessions. Today, the main focus is on the U.S. macroeconomic statistics. The U.S. Personal Consumption Expenditure (PCE) Price Index report will come out at 1:30 p.m. UTC. The market expects a 0.2% monthly rise in core PCE Price Index and a 2.8% annual increase. If the figures come out higher than expected, XAUUSD may drop slightly. With lower-than-expected numbers, XAUUSD will probably rally sharply. Key levels to watch are support at $2,784 and resistance at $2,810. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Dovish ECB monetary policy pressures euro The euro (EUR) lost 0.29% against the U.S. dollar (USD) during a very volatile trading session on Thursday as the European Central Bank (ECB) cut interest rates and kept the door open to further policy easing. 👉 Possible effects for traders As expected, the ECB lowered its base interest rates by 25 basis points (bps) yesterday and signalled that more cuts are likely. An accompanying statement revealed that policymakers were increasingly concerned about the region's sluggish economic performance and the risk of a potential recession, even if inflationary pressures remain. The ECB's shift in focus indicates a delicate balancing act, attempting to stimulate economic activity without completely abandoning its mandate to maintain price stability. Meanwhile, the eurozone's Gross Domestic Product (GDP) growth rate was unchanged in Q4, falling short of expectations of a 0.1% expansion as two straight years of contraction in Germany's GDP weighed on the whole bloc. With the economy stagnating due to an industrial recession and weak consumption, the ECB is seen sticking to its easing path even after the U.S. Federal Reserve (Fed) recently kept its rate unchanged and hinted at a pause in the rate-cutting cycle. Thus, the fundamental pressure on EURUSD remains bearish, especially in light of U.S. trade tariff threats. EURUSD was falling during the Asian and early European trading sessions. Today, the main focus is on German and U.S. macroeconomic statistics. Germany will publish its Consumer Price Index (CPI) report at around 1:00 p.m. UTC, while the U.S. Personal Consumption Expenditure (PCE) report will come out at 1:30 p.m. UTC. Both reports may influence interest rate expectations and investors' sentiment, likely provoking sharp price movements in EURUSD. The market expects a 0.2% rise in monthly core U.S. PCE and a 2.8% annual increase. If the figures come out higher than expected, EURUSD may drop slightly. Otherwise, EURUSD will probably rally sharply. Key levels to watch are support at 1.03610 and the resistance at 1.04100. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 BTC increases fuelled by rising institutional interest Bitcoin (BTC) price rose 0.96% on Thursday as the European Central Bank (ECB) cut borrowing costs, while U.S. trade tariff threats fueled investors' interest in alternative assets. 👉 Possible effects for traders A less restrictive or looser monetary policy typically leads to increased liquidity in financial markets and a decline in the value of fiat currencies, creating a favourable environment for Bitcoin. Therefore, yesterday's ECB decision made Bitcoin a bit more attractive to investors seeking higher returns. However, ECB President Christine Lagarde stated that the central bank won't consider including Bitcoin in its reserves. Lagarde reiterated the bank's dedication to ensuring its reserves' stability and security while expressing reservations about Bitcoin's inherent volatility and security risks. She emphasised that these characteristics make Bitcoin unsuitable for the bank's reserve management strategy, prioritising reliability and predictability in safeguarding value. Meanwhile, other eurozone countries take a different approach. The Czech National Bank has greenlit a plan to explore diversifying its reserves by considering new investment assets, including Bitcoin. Norges Bank Investment Management—the world's largest sovereign wealth fund—made significant investments in companies associated with Bitcoin. Meanwhile, The U.S. Securities and Exchange Commission has taken the first step towards approving Bitwise Asset Management's proposed exchange-traded fund (ETF) that would track price movements of Bitcoin and Ethereum. The decision might attract additional capital from retail investors into the crypto sphere. BTCUSD was relatively flat during the Asian and early European trading sessions. Today, the U.S. Bureau of Economic Analysis will publish its Personal Consumption Expenditure (PCE) Price Index report at 1:30 p.m. UTC. The market expects a 0.2% rise in monthly core PCE and a 2.8% annual increase. If the figures are higher than expected, BTCUSD may drop slightly. Lwer-than-expected numbers may cause a rally in BTCUSD. However, given that Bitcoin is already trading near an all-time high, a strong rally is relatively less likely. Key levels to watch are resistance at $106,400 and support at $104,000. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

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#economic_calendar These events may affect the market on 31 January.

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📊 Gold drops after the Fed monetary policy meeting The gold (XAU) price declined by 0.2% on Wednesday as the U.S. dollar (USD) and bond yields rose after the Federal Reserve (Fed) held interest rates unchanged and gave little data about when potential rate cuts might occur. 👉 Possible effects for traders 'Asset markets are leaking a little bit after the statement leaned a little more hawkish than expected, with gold marginally lower', said Tai Wong, an independent metals trader. Fed Chair Jerome Powell said there was no rush to cut the rates as inflation remained above the central bank's target, economic growth continued, and the unemployment rate was low. Indeed, while the U.S. economy seems robust, its future is uncertain. Recent economic data has been positive, but potential policy changes from the Donald Trump administration regarding immigration, tariffs, and taxes could create instability and drive inflation higher. At the same time, officials are optimistic that inflation will continue to decline this year. However, they prefer to maintain higher interest rates until more economic data confirms the inflation slowdown. According to Reuters, short-term interest rate futures show that investors expect the central bank to hold the rates unchanged until June. As a non-yielding asset, gold tends to perform well when interest rates decline. Still, the fundamental pressure on XAUUSD is somewhat bearish, as a stronger U.S. dollar, rising bond yields, and the Fed's cautious stance on interest rate cuts outweigh safe-haven demand. XAUUSD was falling slightly during the Asian and early European trading sessions. Today, the focus is on the European Central Bank (ECB) interest rate decision at 1:15 p.m. UTC and the U.S. Pending Home Sales report at 3:00 p.m. UTC. Although the events are unlikely to affect gold significantly, they can still stoke short-term volatility. Key levels to watch are support at $2,740 and resistance at $2,770. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Euro awaits ECB interest rate decision The euro (EUR) lost 0.08% against the U.S. dollar (USD) on Wednesday after the Federal Reserve (Fed) left interest rates unchanged and provided little clarity on the timing of future rate cuts. 👉 Possible effects for traders Fed officials unanimously decided to maintain the interest rates within the current 4.25–4.5% range. The central bank is now in a wait-and-see mode as it seeks more data on inflation and employment and greater clarity on the effects of President Donald Trump's policies. During the press conference, Fed Chair Jerome Powell stated that it was still too early to assess the impact of Trump's policies, emphasising that the official 2% inflation target will continue to guide the central bank's decisions. Although the Fed kept the rates unchanged, markets continue to err on the side of caution and price in the probability that U.S. trade policy may undergo dramatic changes in the coming months. Therefore, safe-haven flows in the U.S. dollar continue, and the greenback remains well supported against other major currencies, including the euro. Indeed, tariff risks are a major concern for investors. According to Reuters, Howard Lutnick, Trump's nominee to head the Commerce Department, said he had advised the president to pursue across-the-board tariffs country-by-country to restore 'reciprocity' to America's trading relationships. Meanwhile, the eurozone economy continues to disappoint investors. Yesterday's data revealed that the German GfK Consumer Climate Index declined in January, putting additional bearish pressure on EURUSD. EURUSD was falling slightly during the Asian and early European trading sessions. Today, all eyes will be on the European Central Bank (ECB) rate decision due at 1:15 p.m. UTC. In addition, the ECB President, Christine Lagarde, will hold a press conference at 1:45 p.m. UTC. Both events are expected to impact the market significantly and may provoke sharp moves, particularly in EUR-related pairs. Traders and investors expect the ECB to cut its deposit and refinancing rates by 25 basis points (bps) each. Still, the decision itself typically doesn't cause significant market fluctuations. It's the additional information unveiled in the Monetary Policy Statement and the press conference that often drives substantial market movements. The central bank's outlook for inflation, economic growth, and interest rates can significantly influence investor sentiment and lead to notable price changes. Key levels to watch are support at 1.04000 and resistance at 1.04400. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 BOJ hawkish stance supports Japanese yen The Japanese yen (JPY) gained 0.21% against the U.S. dollar (USD) on Wednesday despite the strengthening U.S. Dollar Index following the Federal Reserve's (Fed) decision to leave the rates unchanged. 👉 Possible effects for traders USDJPY has been in a downtrend since mid-January. The decline accelerated last week when the Bank of Japan (BOJ) raised interest rates to the highest level since the 2008 global financial crisis. The bank also revised its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target. The BOJ stands out as the most hawkish major central bank despite fears that Trump tariffs might trigger global economic turmoil. Investors' expectations for more rate hikes by the Japanese central bank will likely continue to put downward pressure on USDJPY. Interest rate swaps market data currency prices in a 41% chance that the BOJ will hike its base rate by 25 basis points (bps) in June. The possibility of higher rates increased following the release of the latest core Consumer Price Index, which rose to 1.9% in December. USDJPY was falling during the Asian and early European trading sessions. Today’s macroeconomic calendar is relatively uneventful for the pair. However, the U.S. Pending Home Sale report at 3:00 p.m. UTC may trigger short-term volatility. Higher-than-expected figures may temporarily pause the bearish trend in USDJPY. Conversely, lower-than-expected results may quickly push the pair down towards 154.000 Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

EURUSD, 1-hour timeframe chart EURUSD formed a bearish Engulfing pattern 👉Level explanation EURUSD has been trading in a sideways market within the last day. Now, the price displays a bearish Engulfing pattern. The price is ready to drop. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.04140. Set your stop loss at 1.04362 above the previous high ($2.22 loss for 0.01 lot) and take profit at 1.03915 ($2.25 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.01. The upcoming news will not influence your orders within the mentioned period.

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#economic_calendar These events may affect the market on 30 January.

Transform your strategy in the Year of the Wood Snake 🐍 Amid uncertain regulatory developments, the landscape for crypto is shifting rapidly. Recently, Donald Trump signed an executive order. Key changes include: ✅ establishing a dedicated working group for new regulations ✅ safeguarding banking services for cryptocompanies ✅ repealing restrictive accounting guidelines. Despite these advancements, the market is reacting cautiously. On 27 January, Bitcoin fell below $100,000, and Ethereum dropped by 6% with risk-off sentiment in the tech sector and investor concerns over prolonged Federal Reserve interest rate hikes. However, the Wood Snake reminds us that transformation often follows periods of consolidation. With ETHUSD forming a unique 'snake pattern' on the weekly chart, some analysts believe Ethereum could break out to $5,000 by the end of 2025, driven by more transparent regulatory frameworks and renewed market confidence. #ETHUSD #Bitcoin #MarketInsights #TradeSmarter

GBPJPY, 15-minute timeframe chart GBPJPY retested the support level of 193.000 👉General outlook GBPJPY has been trading in a bearish trend for the last couple of hours. The pair dropped to the support level of 193.000. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 193.010. Set your stop loss at 192.520 below the previous low ($3.16 loss for 0.01 lot) and take profit at 193.500 ($3.16 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period.