Is the Market Trapped? My Take on This Bitcoin & Gold Chaos
The market feels heavy lately, doesn’t it? Every time we look at the charts, it feels like we are walking on eggshells. With Bitcoin facing heavy profit-taking around $73k and geopolitical tensions pushing gold to rebound, we are clearly in a messy spot.
Why Does It Feel So Unhealthy Right Now?
Honestly, I think we are caught in a liquidity trap. While everyone is waiting for a breakthrough, the broader macro environment is just squeezing the life out of riskier assets. It feels like the market is being forced to stay optimistic, but the data tells a different story. If this keeps up, we might be seeing a warning that the cheap money era is officially behind us.
Technical Snapshot: Where Are We Heading?
I am keeping a very close watch on these levels to stay ahead of the volatility.
Bitcoin (BTC) Levels:
- Resistance 1: $90,280 – $88,495
- Resistance 2: $79,300 – $77,178
- Support 1: $70,580 – $68,350
- Support 2: $69,600 – $67,995
Gold (XAU/USD) Levels:
- Support 1: $4,371,900 – $4,284,490
- Support 2: $4,026,280 – $3,966,240
My Survival Strategy
With the June 17 Fed meeting and the upcoming Non Farm Payrolls on June 5, my best advice is to wait and see. There is no need to rush into an entry when the market is this unpredictable. Let the dust settle, watch how price reacts to those support zones, and keep your risk management tight.
Source
CME FedWatch Tool
Reuters - Gold Market
CoinDesk - Bitcoin Price
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This article was originally researched and written by me. To maintain transparency across Web3 platforms, please note that a version of this post was first published on my Hive blog (@rizqimaruf). You can find the original Hive post here: https://inleo.io/@rizqimaruf/markets-heating-up-bitcoin-gold-analysis-amid-macro-uncertainty-5yl
