Bitcoin is on the brink of collapse, about to lose support? Gold is falling, can you buy the dip? Let’s take a quick look.

1. First, let's talk about Bitcoin. As shown in the chart, the upward momentum has significantly weakened, and the daily MACD is about to form a death cross, which is not good. Once the death cross confirms, it could fall quite a bit, possibly even breaking below the previous low of 60,000. The question is, can it hold?
2. I think it’s only a matter of time before it can’t hold. The difference is whether it consolidates a bit higher before dropping or just drops straight away; the outcome will be the same — it will go down. So my strategy is to short on rallies, as any significant rebound is an opportunity to short.
Because $BTC is currently forming a descending flag pattern, which is exactly the same as the January trend. A flag consolidation upward is actually a sign of weakness. When the upward channel breaks, that’s the start of a bloodbath.
3. Recently, US stocks have fallen quite a bit. Google $GOOGL is approaching the support zone around 270, so consider adding a long position. I see Binance is also going to list on US stocks today, so our trading range will be even larger in the future. I’m trading in oil, crypto, US stocks, and gold.
4. Speaking of gold, $XAU we are short near 4600. I’ve mentioned for two days that I hope you had time to short. Now, with support around 4400, you can take profits on the short. Can we go long now? I’m still cautious. The 4400 support is there, but I prefer to wait for a stronger support around 4300 for a rebound — that’s more stable. When it comes, I’ll try both long and short.
5. Looking back, we went long on gold at 4120 and closed at 4500, then turned short near 4600 resistance. Just like with Bitcoin, it’s smooth trading — whether in a bull or bear market, as long as there’s volatility, we can arbitrage. If the crypto market consolidates sideways, we still have many other assets to trade. Stay close to the leader!