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🔗 Trade crypto in the Octa app 💡 What’s happening? Bitcoin extended its downtrend last week, dropping to $77,000 as risk-off sentiment hit markets. The decline followed a drop in the S&P 500 and escalating trade war concerns. 🔹 The U.S. administration’s aggressive tariff stance drives investors away from high-risk assets like Bitcoin. 🔹 Despite Trump’s March decree on a Strategic Bitcoin Reserve, market uncertainty remains. The decree prohibits selling BTC from reserves but lacks details on future purchases. 🔹 ETF outflows signal investor caution—Bitcoin ETFs saw a $5 billion outflow since February, according to SoSoValue. 📊 Technical outlook Bitcoin remains in a descending channel, approaching its upper boundary. 📈 Bullish case: a breakout above this level could push BTC toward $90,000. 📉 Bearish case: a rejection and further downside could see BTC retesting $77,000. 💭 What’s your take: will Bitcoin recover or keep sliding?

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📊 Gold rockets on Trump's threats The gold (XAU) price rallied by 1.9% on Thursday, setting a new all-time high just a few dollars away from a major $3,000 milestone. Trade tariff uncertainty, geopolitical instability, and expectations that the Federal Reserve (Fed) will continue to ease its monetary policy drove the momentum. 👉 Possible effects for traders Howard Lutnick, the U.S. Commerce Secretary, said yesterday that an economic recession would be 'worth it' to get U.S. President Donald Trump's economic policies in place. Meanwhile, Trump threatened additional 200% duties on European beverage imports. These threats stoke worries about global trade tensions and their potential impact on inflation and economic growth. Thus, global equities and U.S. Treasury yields moved lower. Additionally, Trump said that the U.S. would annex Greenland, contributing to heightened geopolitical uncertainty. This gave XAUUSD an additional boost as investors sought a safe haven amidst the renewed speculation about international tensions. 'Gold is in a secular bull market. We forecast prices to trade between $3,000–$3,200 this year', said Alex Ebkarian, chief operating officer at Allegiance Gold. 'Strong ETF (exchange-traded fund) demand and continued central bank buying in a backdrop of geopolitical uncertainty and the continued uncertainty created by tariff changes has really continued to stoke appetite for gold', said Suki Cooper, Standard Chartered analyst. SPDR Gold Trust, the world's largest gold-backed ETF, reported a rise in its holdings towards 907.82 metric tons on 25 February, the highest since August 2023. XAUUSD fell slightly during the Asian and early European trading sessions. Today, the University of Michigan (UoM) will release a preliminary report on U.S. Consumer Sentiment and inflation expectations at 2:00 p.m. UTC. Lower-than-expected figures might increase the chances of more rate cuts by the Fed later this year, pushing XAUUSD higher. Conversely, higher-than-expected results may temporarily pause the rally in gold. 'Spot gold may climb into a range of $3,017 to $3,040 per ounce, as it has travelled above a key barrier at $2,979', said Reuters analyst Wang Tao. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

📊 U.S. dollar strengthens, pushing down euro The euro (EUR) lost 0.31% against the U.S. dollar (USD) on Thursday as the greenback recovered from its multi-month low set on 11 March. 👉 Possible effects for traders U.S. Labor Department data on Thursday showed unexpectedly unchanged monthly U.S. producer prices in February. Still, the prospects of tariffs are unlikely to keep prices down in the coming months. A Jobless Claims report was also stronger than expected, supporting the U.S. dollar. 'We've had a very large dollar-weakening move in the previous days and weeks, and it feels like we're entering a bit of a consolidation period now. We do see the possibility that the dollar recovers because we're still being hit with tariff news, and we have this early April reciprocal tariff deadline coming up', said Vassili Serebriakov, FX strategist at UBS. At the same time, EURUSD got additional support from Germany's fiscal reset plan. 'The market is very hopeful that the package will help to increase Germany's growth', said Michael Pfister, FX analyst at Commerzbank. Fundamentally, there isn't much divergence in monetary policy expectations between the European Central Bank (ECB) and the Federal Reserve (Fed). Both central banks are expected to deliver roughly 50 basis points worth of rate cuts this year. EURUSD remained relatively unchanged during the Asian and early European trading sessions. Today, EURUSD may face increased volatility. The UoM Consumer Sentiment report will come out at 2:00 p.m. UTC and may affect EURUSD. Also, the potential news regarding trade tariffs and the German fiscal plan contribute to market uncertainty. Key levels to watch are resistance at 1.08920 and support at 1.08160. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

📊 Bitcoin drops sharply on Trump's statements Bitcoin (BTC) plunged by more than 3% on Thursday, mirroring the decline in major U.S. stock indices. Unnerved by U.S. President Donald Trump's renewed tariff threats, investors sought refuge in safer assets. 👉 Possible effects for traders BTCUSD is a highly risk-sensitive asset that closely tracks the performance of the U.S. benchmark equity markets, particularly the Nasdaq. The Nasdaq and the S&P 500 have dropped below their 200-day moving averages on fears of global recession induced by the protectionist trade war. 'If it wasn't for the trade war going on, the market would be up strongly on the inflation data. Traders are focused on the trade war. It seems like the (U.S.) administration is being very aggressive and promises at least at this point to be in it for the longer term, and the personalities look unlikely to back down at least in the near term', said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder. Fundamentally, the regulatory environment for the crypto industry has been improving lately. On 6 March, President Trump issued an executive order declaring the 'Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile'. The order indefinitely prohibits the sale of any Bitcoin deposited in the Reserve, but it didn't mention any additional purchases. This is something many market participants had hoped for. When Bitwise predicted that Bitcoin would hit $200,000, it relied on the prospect of strategic Bitcoin purchases. Now, this seems to be not happening. As far as Bitcoin ETFs perform poorly, the picture is grim. According to SoSoValue, Bitcoin ETFs have seen an outflow of $5 billion since February. BTCUSD recovered during the Asian and early European trading sessions. Today, Bitcoin's price is expected to be volatile, heavily influenced by news and developments surrounding global trade tariffs. In addition, the U.S. Consumer Sentiment report, due at 2:00 p.m. UTC, may trigger a strong reaction in BTCUSD. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

XAUUSD, 1-hour timeframe chart 👉Level explanation XAUUSD has been trading in a bullish trend for the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 2,993.78. Set your stop loss at 3,006.92 above the previous high ($13.14 loss for 0.01 lot) and take profit at 2,980.64 ($13.14 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. Some traders may close their positions on Friday, which can add more pressure to the market. @octa_analytics

GBPJPY, 30-minute timeframe chart 👉General outlook GBPJPY has been trading in a bullish trend for the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 192.390. Set your stop loss at 191.890 below the previous low ($3.36 loss for 0.01 lot) and take profit at 192.890 ($3.36 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. 👉Fundamental factors The U.K. Gross Domestic Product report will be released in a few minutes and could affect this trade. Some traders may close their positions on Friday, which can add more pressure to the market. @octa_analytics

🚀 Bitcoin dropped below $85K after Trump’s crypto move After Trump's executive order to create a strategic bitcoin reserve, BTC saw a sharp drop. Markets expected more clarity, but investors remain uncertain. Bitcoin is currently consolidating below $90K, with two key scenarios: 📈 a breakout could push it to $100K 📉 bearish pressure could send it down to $75K. Follow @octa_analytics for more trading information

GBPUSD, 15-minute timeframe chart 👉General outlook GBPUSD has been under selling pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.29400. Set your stop loss at 1.29650 above the previous high ($2.50 loss for 0.01 lot) and take profit at 1.29150 ($2.50 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. 👉Fundamental factors The U.S. Producer Price Index report will be released in a few minutes and could affect this trade. @octa_analytics

USDCAD, 15-minute timeframe chart 👉Level explanation USDCAD has been trading in a bullish trend for the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.43968. Set your stop loss at 1.44303 above the previous high ($3.35 loss for 0.01 lot) and take profit at 1.43633 ($3.35 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. @octa_analytics The upcoming news will not influence your orders within the mentioned period.

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BTCUSD, 30-minute timeframe chart 👉General outlook BTCUSD has been trading in a bullish trend for the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 84,000.60. Set your stop loss at 82,015.60 below the previous low ($19.85 loss for 0.01 lot) and take profit at 85,985.60 ($19.85 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

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📊 Safe-haven inflows support gold The gold (XAU) price rose by 0.92% on Tuesday as the U.S. dollar (USD) continued to weaken due to worries over economic slowdown and trade wars. 👉 Possible effects for traders Global markets have experienced considerable instability over the past couple of days. Concerns over economic growth have intensified due to U.S. President Donald Trump imposing trade tariffs on major trading partners. XAUUSD tends to rise during periods of economic uncertainty because investors seek a safe haven for their capital and often flock to gold. This is because precious metals are perceived as a more reliable asset than volatile currencies or equities. In addition, the weakening USD has been supporting XAUUSD lately, making gold more affordable for holders of other currencies. Still, there are doubts that the bullish rally can continue longer because bullion is already near its all-time highs. 'The gold price is already trading at a very high level due to the sharp rise since the start of the year, which limits the upside potential', Commerzbank analysts said in a note. XAUUSD remained relatively unchanged during the Asian and early European trading sessions. Today, the main focus is on the U.S. Consumer Price Index (CPI) report due at 12:30 p.m. UTC. The CPI data could shed light on the future path of U.S. interest rates and affect investors' monetary policy expectations. According to a Reuters poll, the market expects a 0.3% rise in monthly core inflation and a 3.2% annual increase. If the CPI number is higher than expected, XAUUSD may drop sharply. If the report shows slowing inflation, XAUUSD will likely rise slightly. 'Spot gold may break resistance at $2,927 per ounce and rise toward $2,956', said Reuters analyst Wang Tao. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information