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Gate Square New & Returning Creator Rewards are ongoing!
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Details: https://www.gate.com/announcements/article/48693
Summary:
1. Bitcoin appears ready to test its previous all-time high against gold, potentially reaching a ratio of 37.5.
2. Bitcoin has formed a bullish divergence with gold's weekly RSI, indicating that BTC may pump.
3. Bitcoin has reclaimed the key level of 29, indicating further potential for a pump.
4. The short-term prospects of Bitcoin are volatile and may retest the midpoint of the range before pumping.
5. Altcoins may face challenges in this consolidation phase.
6. The US Dollar Index (DXY) is forming a bottom in the short term, which may affect the stock market and cryptocurrencies.
7. The sharp revalidation of DXY could have a negative impact on risk assets, including Bitcoin and Altcoins.
8. It should be acknowledged that there is bearish sentiment, but no alarm signal has been triggered yet.