[Today's Market Analysis] Latest trends of GOLD and BTC and traders' actions
[Today’s Market Analysis] Latest Trends in GOLD and BTC and How Traders Should Play It
Hello, this is Ronchi FX. Let’s sort out today’s price movements together.
? Fundamental Perspective (as a premise)
GOLD is showing signs of a pullback after last week’s sharp rally. However, the long-term bullish scenario (such as Goldman’s $4,900 target) has not been overturned. BTC is weighed down by ongoing large-holder selling from major institutions, with weakness visible on the demand-supply front.
? GOLD—Is it entering a correction phase, or are there technical reversal signals?
Today it is around $4,325, a small decline of 0.38% from the previous day. In technical analysis, the daily momentum is starting to reverse, suggesting it may have entered a correction phase. The level around $4,164, which remains uncompleted in the ascent, seems to be watched as a target during a pullback.
However, the overall daily technical indicators still remain in a strong buy zone, so a rise with a pullback is a plausible interpretation. The important thing is not to immediately conclude that a correction means a downtrend.
₿ BTC—Under heavy selling pressure from big players, breaking below $64,000
Today, BTC broke below $64,000 and fell to the $63,900s. The entire cryptocurrency market is weak, with major coins like ETH, BNB, XRP, SOL also declining across the board.
The backdrop is large-holder selling. Strategy Corp sold an additional amount of BTC worth about ¥17 billion, and Trump Media also reduced its holdings. The supply-demand pressure is weighing on short-term upside.
⚖️ How Traders Should Proceed
Fundamentals are for understanding the background, and the final call on entries and exits should be based on technicals—this remains unchanged.
Gold could see a pullback as far as around $4,164. It makes more sense to assess how it reacts at that level rather than panic-sell out of fear.
BTC, with clear selling pressure from big holders, is not a situation to chase with a contrarian buy. It’s reasonable to stay on the sidelines until signals indicate selling pressure has subsided.
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