The day before yesterday, I was still calculating trading costs with a stopwatch, and upon waking up, gold skyrocketed to 4566. I have to say, the current market madness is indeed so outrageous that it seems quite profitable.
Looking at the global landscape, US employment data is disappointing, geopolitical tensions continue to escalate, and capital flows are becoming especially obvious. Against this backdrop, traditional safe-haven assets like gold are attracting massive inflows, and the crypto market is also showing signs of movement. BTC's rebound has been quite decent, quietly pulling back to the 92k threshold, but according to ETF data, institutions are still net outflowing—saying they are optimistic while secretly cutting profits. This routine has been played out for many years.
From a technical perspective, the key support zones are between 88k and 90k; a breakdown below that would likely trigger institutional support. Only if it stabilizes above 92k will there be a chance to push higher. Asian markets have already started to jump in, but if we really want to take off, we still need cooperation from European and American markets. Swing traders can look for opportunities within this range—set stops below 88k, and if it breaks above 92k, try a small position for a quick gamble.
There’s also an on-chain theory about a 96k magnetic attraction, which has shown some signs recently. But honestly, I trusted such indicators too much last time and almost lost all my capital, so I suggest using this as a reference only.
The current situation is quite interesting—gold is soaring, BTC is waiting for the wind. Whether this "dual asset rise" is a real trend or just capital cutting profits on both ends, that’s up to individual interpretation. Anyway, I’m just here observing.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The day before yesterday, I was still calculating trading costs with a stopwatch, and upon waking up, gold skyrocketed to 4566. I have to say, the current market madness is indeed so outrageous that it seems quite profitable.
Looking at the global landscape, US employment data is disappointing, geopolitical tensions continue to escalate, and capital flows are becoming especially obvious. Against this backdrop, traditional safe-haven assets like gold are attracting massive inflows, and the crypto market is also showing signs of movement. BTC's rebound has been quite decent, quietly pulling back to the 92k threshold, but according to ETF data, institutions are still net outflowing—saying they are optimistic while secretly cutting profits. This routine has been played out for many years.
From a technical perspective, the key support zones are between 88k and 90k; a breakdown below that would likely trigger institutional support. Only if it stabilizes above 92k will there be a chance to push higher. Asian markets have already started to jump in, but if we really want to take off, we still need cooperation from European and American markets. Swing traders can look for opportunities within this range—set stops below 88k, and if it breaks above 92k, try a small position for a quick gamble.
There’s also an on-chain theory about a 96k magnetic attraction, which has shown some signs recently. But honestly, I trusted such indicators too much last time and almost lost all my capital, so I suggest using this as a reference only.
The current situation is quite interesting—gold is soaring, BTC is waiting for the wind. Whether this "dual asset rise" is a real trend or just capital cutting profits on both ends, that’s up to individual interpretation. Anyway, I’m just here observing.