2026-01-22 04:25:26

Bitcoin and gold's relative performance has always been an important window into market sentiment.

Gold prices are currently approaching a key technical level—the 78.6% Fibonacci retracement. This level was significant in the previous cycle, serving as a relative low point for prices and a turning point where Bitcoin stopped underperforming gold and resumed its upward momentum.

However, it is still premature to say that the bottom has been established. What truly matters is that prices are approaching an area where the ratio relationship could change. Such critical levels often trigger repositioning among market participants, but how this will unfold depends on the battle between bulls and bears.

It is worth noting that this timing coincides with a sensitive period for global macro variables—factors like the change in Federal Reserve Chairmanship and adjustments in US tariff policies are influencing asset allocation logic. The tug-of-war relationship between mainstream crypto assets like Bitcoin, Ethereum, Solana, and gold may see some adjustments at this stage.

This is a technical level worth marking, but avoid chasing highs or selling lows. Markets often reverse unexpectedly, and patience in observation is wiser than impulsive decisions.

BTC-0,81%

ETH-3,15%

SOL-2,44%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
4
Repost
Share

Comment

0/400

TrustMeBro

· 16h ago

78.6 Fibonacci? This level really can't hold anymore, but don't believe in any bottom theories. I said the same thing last time.

View OriginalReply0

MoonBoi42

· 16h ago

78.6 Fibonacci? Will it really rebound this time or just a false breakout? It's hard to say. --- A bunch of macro variables, even the Federal Reserve personnel have changed. The pendulum relationship between gold and cryptocurrencies might need to be rewritten. --- Others have already bottomed out, but I'm still waiting. Being too cautious might cause me to miss out. --- Key levels are indeed worth paying attention to, but recent policy uncertainties are too many, so technical analysis might not be as effective. --- People chasing highs and selling lows ultimately contribute to transaction fees, which is a bit painful. --- It feels like the story of Bitcoin and gold is far from over; this chapter hasn't been turned yet. --- Regarding the long-short contest, it's true. Now, entering the market depends on who has more chips.

View OriginalReply0

NFTPessimist

· 16h ago

It's Fibonacci again, technical levels again—it's really just a set of mysticism. I already said it, the tug-of-war between gold and BTC has long been broken. Who still believes in this stuff? Wait, is the Federal Reserve about to have personnel changes again? Damn, the market will have to be re-analyzed. Trust me, there's no bottom here. Another 50% drop is possible. It's all just armchair strategizing. Let's wait until the reversal comes.

View OriginalReply0

SeeYouInFourYears

· 16h ago

78.6 Fibonacci? Sounds professional, but I still don't trust the technical analysis. Wait, is the gold and Bitcoin tug-of-war about to adjust? Then I need to recalculate my position.

View OriginalReply0