$XAU The market is currently in a clearly bearish squeeze pattern. At Jackson Hole, the Fed delivered a hawkish signal; the inflation target will not be softened, and the probability of a rate hike in September has risen sharply. The US dollar and US Treasury yields are moving in tandem higher, causing the carrying cost of non-yielding assets to jump abruptly. At the same time, the geopolitical risk premium is temporarily unwinding, an oil-end agreement is fueling expectations of a looser supply, and the real-asset sector is broadly repricing. On the chart, the two moving averages clamp the price tightly, and positive funding rates indicate that the bulls are still adding positions despite the adverse trend, while the main players have not yet stepped in to provide support. In this kind of structure, every rebound is a window for shorts to add more. The short-term bearish thesis is clear: on rallies, prioritize shorting. Global central bank gold purchases and fiscal deficits are only a long-term floor; they do not change the downward momentum caused by the current policy re-pricing.
$BTC

📊 Technical Analysis:
Current Price: 4454.45 USDT
🟢 Support Level: 4451.5 (near support; consider entering)
Support Range: 4451.5 - 4470.01
🔴 Resistance Level: 4613.61 (1H benchmark distance 3.42%)
Resistance Range: 4467.28 - 4489.99

💡 Entry Strategy: Near the support level, place limit orders to go long; if price breaks below support, cut loss
$XAU