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The current market trend depends on the showdown between the US dollar and gold.
The intensifying risk aversion continues to devalue the US dollar's purchasing power, causing gold prices to break through multiple levels. How high gold can go in the future depends on how much the US dollar index can fall!
Bitcoin has not appreciated due to the devaluation of the dollar; the label of digital gold still has a long way to go. Speculative sentiment remains the main driving factor for prices. The future upward momentum will still rely on liquidity spillover from gold corrections and the sentiment of US stock risk assets 🥲.