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XAUUSD formed a bullish Double Bottom pattern. Time to trade? $XAU
General outlook XAUUSD has been under selling pressure within the last day. Now, the price displays the Double Bottom pattern. The price is ready to rise. In case of a breakout or a retest of the Neckline level, analysts recommend opening a Buy order. Place stop loss behind the Right Shoulder level. Fundamental factors The U.S. JOLTS Job Openings report will be released at 2:00 p.m. UTC today and could affect this trade. Some traders may close their positions on Friday, which can add more pressure to the market. Share your thoughts in the comments section if it's available for you. #BTCReclaims70k
intraday look for 5055. Our preference Short positions below 5135 with targets at 5055 & 5015 in extension. 5,185.000 Resistance ... 5,155.000 Resistance •• 5,135.000 Resistance • 5,088.000 Last 5,135.000 Pivot 5,055.000 Support • 5,015.000 Support •• 4,980.000 Support ...
Comment A break below 5055 would trigger a drop towards 5015. Alternative scenario Above 5135 look for further upside with 5155 & 5185 as targets.
Gold struggles as strong US Dollar and rising yields cap gains
Gold trades on the back foot amid a firmer US Dollar. US-Iran war supports safe-haven demand, but Oil-driven inflation fears cap gains in the yellow metal. Technically, XAU/USD continues to consolidate within the $5,000-$5,250 range.
(XAU/USD) trades under pressure on Thursday as a stronger US Dollar (USD) and rising Treasury yields cap upside attempts. At the time of writing, XAU/USD trades around $5,113, down nearly 1.20% on the day.
However, the precious metal remains trapped within a familiar range and lacks strong directional momentum as traders weigh opposing macroeconomic forces. The ongoing US-Iran war continues to underpin safe-haven demand and help limit deeper losses.$XAU #BinanceTGEUP #IranianPresident'sSonSaysNewSupremeLeaderSafe #CFTCChairCryptoPlan #TrumpSaysIranWarWillEndVerySoon #Web4theNextBigThing?
Bitcoin Price Forecast: BTC shows signs of resilience as ETF inflows extend
Bitcoin price finds support around the mid-point of a horizontal consolidation channel on Thursday, rebounding nearly 6% so far this week. US-listed spot ETFs recorded an inflow of over $115 million on Wednesday, marking the third consecutive day of positive flows this week. Analysts at Nansen say Bitcoin is showing relative resilience, holding up better than several traditional risk benchmarks.
Bitcoin (BTC) price finds support around a key level, trading around $70,000 as of writing on Thursday and posting gains of nearly 6% so far this week. Institutional demand shows signs of strength, as spot Exchange Traded Funds (ETFs) recorded a third consecutive day of inflows this week. Meanwhile, Nansen’s analyst reports the Crypto King is showing relative resilience, holding up better than several traditional risk benchmarks.
Traders, check this out: 60,000.00–72,960.00 range for BTCUSD
General outlook BTCUSD has been trading in a sideways market within the last day. Now, the support level is located at 60,000.00. Resistance levels are now located at 72,960.00 and 87,300.00. Analysts recommend opening a Sell order with a stop loss above the previous high. The upcoming news will not influence your orders within the mentioned period. We will publish our next post on support and resistance levels at 4:00 a.m. UTC tomorrow. Come back to discover more trading insights. analysis explanation of support and resistance levels Share your thoughts in the comments section if it's available for you.
US Dollar drifts higher above 99.00 on Middle East conflict
US Dollar Index edges higher to around 99.35 in Thursday’s Asian session. The US-Israel war on Iran boosts the US Dollar, a safe-haven currency. The US CPI inflation met expectations in February.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.35 during the Asian trading hours on Thursday. The DXY edges higher amid further escalation in the Middle East conflict. The US weekly Initial Jobless Claims report will be published later on Thursday.
Traders will closely monitor the trouble in and around the Strait of Hormuz. Iran has launched its “most intense operation since the beginning of the war, stepping up its efforts to halt traffic through the critical oil conduit. Meanwhile, Bahrain said early Thursday that Iran has targeted fuel tanks at one of its facilities, while a senior Iraqi port official said two foreign tankers had been hit in its waters, catching fire and leaking oil. Ongoing geopolitical tensions in the Middle East continue to boost the US Dollar against its rivals in the near term.
Current sentiment analysis on key technical indicators
The best way to use this opportunity is to place a Sell order at 157.518.
Possible scenario Set your stop loss at 157.969 above the previous high ($2.90 loss for 0.01 lot) and take profit at 157.065 ($2.90 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market. Share your thoughts in the comments section if it's available for you.$USDT
Current sentiment analysis on key technical indicators
The best way to use this opportunity is to place a Sell order at 212.629.
Possible scenario Set your stop loss at 213.126 above the previous high ($3.18 loss for 0.01 lot) and take profit at 212.132 ($3.18 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. Share your thoughts in the comments section if it's available for you. $GBP