Gold remains under short-term pressure below the 20-day average, with consolidation underway and the 50-day moving average emerging as critical trend support.
Bitcoin price jumped 5% after a rebound signal, but rising sell pressure and weak conviction now threaten to cap the rally.
Gold remains vulnerable to short-term weakness but retains upside potential if support near $4,842 and the 50-day average holds, targeting a recovery toward $5,345.
Big Short' investor Michael Burry has shared a Bitcoin chart comparing the current 40% selloff to the 2021–22 crash, implying potential downside to the low $50,000s.