#btcusd Bitcoin unfortunately appears highly bearish. Currently, cryptocurrency analysis is irrational, heavily influenced by news and major players. Nevertheless, if we set aside psychological factors and focus on technical analysis, the signal is for a short position. A very tight stop-loss is set just above 43000. The target is 40000 and below. There are risks of significant, divergent movements as major players may liquidate positions of retail traders.

Event to Watch Today: The key event to watch today is the release of the U.S. Gross Domestic Product (GDP) data for the fourth quarter on an annual basis. The data is scheduled to be published at 16:30 CET.

The GBPUSD pair continues its downtrend after retreating from the recent two-week high of 1.2774 on Wednesday. During the European session on Thursday, the GBP/USD pair is trading lower, near 1.2710.

The British Pound (GBP) initially gained support from positive Purchasing Managers' Index (PMI) data from the United Kingdom. However, this upward momentum couldn't be sustained after favorable PMI data was released from the United States.

Positive PMI data from S&P Global in the U.S. on Wednesday may reduce the likelihood of a Federal Reserve rate cut in March, leading to a decline in the GBPUSD pair.

Trading Recommendation: The trading recommendation leans towards sell orders.

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