Gold hit an ATH $5,501/oz in January.
June, it had fallen 27% to $3,994.
It's now stabilized around $4,400, central bank buying and debt concerns keeping a floor under it.
Gold didn't crash because the thesis was wrong. It crashed because everyone was already in.
🚨 Bitcoin is testing its downtrend resistance for the third time.
👀 The first two attempts were rejected.
📈 Now BTC is back for a third test—and this one could be the most important yet.
💡 A confirmed breakout could trigger a strong momentum move, while another rejection would keep the downtrend firmly in control.
Bitcoin is sitting at the intersection of:
Liquidity + leverage + monetary policy + geopolitics + sovereign debt.
That's why the next major BTC move could be much bigger than most people expect.
I'm watching the macro before the candles. 🧵
Bitcoin could go much lower from here.
And I don't think the biggest risk is Strategy selling BTC.
There are 5 macro forces building underneath Bitcoin right now:
🇮🇷 Iran
🇺🇸 US debt
🏦 The Fed
🇯🇵 Japan
💵 Global liquidity
Here’s the setup 🧵👇
The biggest mistake right now would be looking at one thing.
"Strategy is selling → bearish."
"ETF inflows → bullish."
"Fed cuts → bullish."
"War → bearish."
It's more complicated than that.