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Analysis: The exchange rate trend of Bitcoin and gold suggests that a bull trap still exists, and a deeper adjustment may be imminent.
Golden Finance reports that data shows the Bitcoin to Gold (BTC/XAU) exchange rate has entered a bearish fractal, currently testing the 50-day moving average level. If it falls below this level, it may enter a deeper adjustment, especially in the context of deteriorating macro conditions. Analysts believe that from a fundamental perspective, the price outlook for Bitcoin seems to be tilted downward, as investors are concerned that President Trump’s global tariff war could escalate into a full-blown trade war, potentially triggering a recession in the U.S. During economic contractions, risk assets like Bitcoin often perform poorly.