Chuks 1

Bitcoin's $80K Rejection! 😱

This is what It Means⤵️

Bitcoin's recovery attempt has stalled, with sellers firmly rejecting price advances at the critical $80K–$82K zone, which also aligns with the descending 200-day moving average.

On the 4-hour chart, a classic breakdown-and-retest of a key trendline confirms bearish momentum. Meanwhile, the Coinbase Premium Gap has turned negative, signalling fading demand from US institutional investors.

If selling pressure continues, Bitcoin faces a likely slide toward $75K–$76K, with a deeper correction potentially exposing the $70K–$71K support zone.

Until BTC reclaims $80K convincingly, the short-term outlook remains bearish.

⚠️ Not a financial advice, DYOR! ⚠️

#BTC #CMC #Crypto #MacroInsights

Gold has dropped 12% since the Iran conflict began, hurt by rising oil prices, a stronger dollar, and the Fed holding rates steady.

Despite this, ING strategist Ewa Manthey forecasts gold could reach $5,000/oz by year-end, as these headwinds are seen as temporary.

Key supports include central bank buying (China extended a 15-month streak), and $6.6bn in ETF inflows in April.

The main risk is a prolonged war keeping inflation and rates elevated. Gold is currently trading around $4,729/oz.

Where do you see gold by year-end?

Source: CryptoRank.
#Gold #ETF