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Just noticed Bitcoin still coiled around those lower levels while gold's been on an absolute tear lately. BTC pulled back to the $88k zone this week, down roughly 4% as the broader crypto market softened heading into some major events. Meanwhile gold smashed through $5k an ounce and silver had its wildest swing since 2008 - that's some serious macro action happening right now.
What's interesting is how crypto's basically sitting this one out. You'd think with all the uncertainty, weak dollar, and geopolitical stuff going on, Bitcoin would be rallying like precious metals are. Instead it's still coiled beneath those key resistance levels, trading more like a risk asset than a hedge. Ether around $2.9k, Solana, XRP and Doge all posting small losses too. The whole sector just feels cautious right now.
There's a ton of catalyst risk coming - Fed decision on Wednesday plus Big Tech earnings hitting all week. Traders are basically coiled and waiting to see which way things break. Until we get clarity on Fed messaging and whether Big Tech can keep the AI rally going, Bitcoin looks stuck in this holding pattern. Volumes are pretty muted, which tells you everyone's just watching and waiting. The real move might depend less on crypto news and more on how macro plays out this week.