Gold vs BTC

What stands out to me immediately is the divergence.

Gold is doing what it does best in uncertainty clean trend, higher highs, zero hesitation.

No chop, no drama. That tells me traditional risk-off money is very comfortable right now.

BTC, on the other hand, is still digesting.

It already had its big expansion earlier, and now it’s stuck in a range, working off excess leverage.

I don’t see this as weakness - I see it as time-based consolidation. But it does explain why things feel slow.

Gold trending while BTC ranges usually means capital is cautious, not bearish.