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📊 Bitcoin dips as Trump's crypto reserve plan sparks debate Bitcoin (BTC) dropped by 0.75% yesterday as a 25-day exponential moving average proves to be too strong of a resistance for now. 👉 Possible effects for traders On Thursday, U.S. President Donald Trump signed an executive order to establish a strategic Bitcoin reserve. Earlier this week, Trump announced the names of five digital assets he expects to include in the reserve, boosting these coins. The five assets are Bitcoin, Ethereum, XRP, Solana, and Cardano. However, it's unclear how exactly such a reserve would work or how it would benefit the taxpayers. David Sacks, an entrepreneur, said the federal government will have a strategy to maximise the value of its holdings, without offering details. 'The U.S. won't sell any Bitcoin deposited into the reserve. It will be kept as a store of value. The reserve is like a digital Fort Knox for the cryptocurrency often called 'digital gold', Sacks said. Proponents argue that a reserve would help taxpayers benefit from crypto's price growth. However, some crypto enthusiasts were disappointed by the announcement. 'This is the most underwhelming and disappointing outcome we could have expected for this week. No active buying means this is just a fancy title for Bitcoin holdings that already existed', said Charles Edwards, founder of Bitcoin-focused hedge fund Capriole Investments. BTCUSD fell during the Asian session and started to rise again during the early European session. Today, Donald Trump will meet with executives from the cryptocurrency industry at the White House for a crypto summit. Attendees expect the event to serve as a stage for Trump to formally announce his plans to build a strategic reserve containing Bitcoin and four other cryptocurrencies. Traders should watch the official White House statement as it may spur extra volatility in the crypto market. In addition, await the U.S. nonfarm payroll (NFP) report, due at 1:30 p.m. UTC. Lower-than-expected figures may increase the chances of more rate cuts by the Federal Reserve, supporting BTCUSD. Conversely, higher-than-expected results will likely have a bearish impact on the pair. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

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#economic_calendar These events may affect the market on 7 March.

The Japanese Yen (JPY) is the third most traded currency in the world, following the US Dollar and the Euro. As a key player in global forex markets, the Yen is often seen as a safe-haven currency, attracting traders during times of uncertainty. Trade with ExpertOption:

EURUSD, 15-minute timeframe chart 👉Level explanation EURUSD has been trading in a sideways market for the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.07901. Set your stop loss at 1.08304 above the previous high ($4.03 loss for 0.01 lot) and take profit at 1.07498 ($4.03 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.

Chart: GBPJPY daily chart GBPJPY remains range-bound in the 187.00-193.00 range. The price fluctuates around the narrowing EMAs, indicating a sideways trend while awaiting a breakout. If GBPJPY breaks below the support at 187.00, the price may retest the next support at 183.80. However, breaking above 193.00 may prompt its potential continuation to the next resistance at 198.50.

GBPUSD, 15-minute timeframe chart 👉Level explanation GBPUSD has been trading in a sideways market for the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.29030. Set your stop loss at 1.29310 above the previous high ($2.80 loss for 0.01 lot) and take profit at 1.28750 ($2.80 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.

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#economic_calendar These events may affect the market on 6 March.

AUDUSD, 30-minute timeframe chart 👉Level explanation AUDUSD has been under buying pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 0.62756. Set your stop loss at 0.62321 below the previous low ($4.35 loss for 0.01 lot) and take profit at 0.63191 ($4.35 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.

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JP225 continued plunging after breaking below the sideways range of 38000-39000. The widening bearish EMAs indicate the potential for further bearish continuation. If JP225 closes below 37000, the index may retest the following support at 36000. On the contrary, sustaining above 37000 may suggest its consolidation before plunging further.

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#economic_calendar These events may affect the market on 5 March.

USDCAD, 30-minute timeframe chart 👉General outlook USDCAD has been trading in a sideways market for the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.44624. Set your stop loss at 1.45530 above the previous high ($6.27 loss for 0.01 lot) and take profit at 1.43717 ($6.27 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. @octa_analytics