$BTC The current trend is actually very simple. In terms of weekly charts, it is at the last stage of the first weekly downtrend at the monthly level. In plain terms, the weekly downtrend that started last October is nearing completion but has not finished yet, so don't rush to buy the dip. If it completes in the next month or the month after, it will be a weekly rebound, and the price will not exceed 112000. I personally predict it will not exceed 100,000. Overall, I refer to it as Bitcoin currently being in a phase of a bear market. As long as it does not fall below 44000, after this monthly line is completed, Bitcoin will reach a new high again. $XAU Gold is just the beginning of a big drop; it is currently in the rebound phase at the daily level.
The temporary low point is between 62-65. If there is no significant rebound at this position, it will likely go directly below 6. If there is a rebound, it will be an opportunity for a second short position.
1. The support below is quite strong, and the current price will take some time to digest the buying pressure. If it breaks down, it should be very fierce $BTC 2. As for gold, you can prepare to enter the market now #XAUUSD❤️
1. Paxos Gold is currently making an upward move on the daily chart; a pullback can provide an opportunity to go long! 2. Bitcoin is currently moving down on the daily chart; a rebound can be an opportunity for a short position! However, Bitcoin has now entered the final phase of a weekly downtrend, and this daily downtrend can either create a new low or not. If a new low occurs, one can decisively establish a long position, with the price range approximately between 53500 and 58500, expecting a significant rebound on the weekly chart. If there is no new low, then the range around 63500 to 65000 is a good position.