💵 💴 💶U.S. and Mexico Delay Trump Tariffs, Crypto Market Recovers💴 💶

The U.S. and Mexico have decided to delay the new tariffs planned by Donald Trump on Mexican goods for a month. This decision was announced after a meeting between U.S. President Donald Trump and Mexican President Claudia Sheinbaum. As part of the agreement, Mexico will deploy 10,000 soldiers to its northern border to strengthen efforts against drug trafficking. While global markets have reacted differently to this development, signs of recovery in the cryptocurrency market have been notable.

MicroStrategy Breaks 12-Week Bitcoin Buying Streak

According to Michael Saylor, MicroStrategy has finally broken its 12-week consecutive Bitcoin buying streak. The firm did not sell any of its Class A common shares this week or use any proceeds to purchase BTC. The company might owe billions in taxes on unrealized gains, and Bitcoin’s price remains highly volatile due to U.S. tariffs and political instability.

Eurozone Inflation Rises Again

With energy prices contributing more, inflation in the Eurozone has slightly increased across the region, while food inflation has declined and core inflation remains stable at 2.7%. The base effects that had been pushing inflation higher in recent months eased in January, limiting the rise in inflation. The expectation for 2025 suggests a downward trend in inflation, but the key question is to what extent this decline will materialize. Wage increases are expected to slow significantly towards the end of the year, weakening a key driver of domestic inflation. However, energy prices have started to rise again, and business surveys indicate that goods and services inflation may increase in the coming months as companies continue to pass high costs on to consumers.

Technical Overview

DXY

Bitcoin initiated an uptrend with Trump officially taking office, reaching as high as $109,000. Setting a new all-time high, BTC is expected to extend its bullish trend to $123,194 with daily closes above the $108,286 region.

Resistance: 118,500 / 123,550 / 131,029
Support: 108,985 / 92,000 / 88,362

BTC/USD

Bitcoin experienced a sharp pullback after the announcement of U.S. tariffs. It dropped to the $90,000 support level, where buyers stepped in. If this level is lost, selling pressure on BTC is expected to increase.

Resistance Levels: 108,985 / 118,500 / 120,500
Support Levels: 96,378 / 87,109 / 80,598

ETH/USD

Ethereum saw the expected sharp decline, retreating to the $2,200 support zone. Losing this level will extend selling pressure. However, if ETH manages to maintain a price above $2,800, it could regain upward momentum.

Resistance levels: 2,808 / 3,110 / 3,539
Support levels: 2,134 / 1,530 / 1,300

NASDAQ

The NAS100 index has experienced a sharp pullback in response to the launch of China’s AI initiative, reflecting significant pressure on U.S. indices. The major support level to watch on the index is $19,643. Losing this level could intensify the selling pressure on the index.

Resistance Levels: 22,143 / 25,320 / 26,979
Support Levels: 19,643 / 17,681 / 16,303

BRENT

Brent oil is in recovery mode, reclaiming its previously lost channel. Having broken above the 76.98 resistance, the price is likely to target the 85.00 range. The critical support level is 72.37, which should hold to maintain the uptrend.

Resistance Levels: 80.00 / 85.84 / 95.53
Support Levels: 76.15 / 70.17/ 69.99

EURUSD

The Euro formed a double top at the 1.11 level and entered a downtrend. After breaking below the 1.10 support, it has retreated to the lower band of its channel at 1.0367. Buyers may step in at this critical support, but a break lower could see further declines to 1.018.

Resistance Levels: 1.0575 / 1.1043 / 1.1213
Support Levels: 1.0180 / 0.9936 / 0.9542

XAUUSD

Gold has renewed its all-time high (ATH) following its upward momentum, reaching the 2827 resistance zone. If this level is successfully held, a new ATH may be established. Otherwise, a pullback toward the 2787 support level could be expected.

Resistance Levels: 2827 / 2850 / 2870
Support Levels: 2787 / 2764 / 2717

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