$BTC Daily closing was quite ugly, and the bears indeed exerted effort in this rectangular area (Figure 1); $XAU Similarly, there was a false breakout (Figure 2), but the level is relatively small, and the signal is quite blurry; however, from the wave pattern, it very much aligns with a small 5-wave decline followed by a flat rebound; the signals from these two assets are not very strong, and the market trend leans towards a decline.

BTC-1.56%
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