Bitcoin 
$112,758.61While , it retreated again to the critical support in the $ 110,000 band in the middle of the week, the analyst Ali Martinez He warned, citing the risk of a correction to $96,530. ounce of gold It climbed above $4,200 as the winner of the increase in interest on the theme of currency depreciation. Current evaluations show that capital has turned to scarce assets after the historical liquidations in recent days, but the rotation has accelerated in favor of gold for now. Analysts state that volatility will continue in the short term and the direction will remain sensitive to interest rate cuts and fund flows to ETFs.
Support-Resistance map in Bitcoin
The common narrative of the market reveals that under high debt dynamics and loosening expectations, the flight to scarce assets is accelerating as a result of the meltdown in the purchasing power of money. GoldWith the purchases of central banks and the expectation of interest rate cuts, it rose to the $ 4,186-4,200 range and tested new peaks. Bitcoin, which is rising under the same theme, is retesting the demand zone around $ 110,000 due to increased leverage liquidations after its last peak.
On the technical front, current analyzes show that even if there is a reaction around $ 110,000, $ 96,530 may come to the fore in the downside break. This threshold, if realized, will mean recovering a significant part of the previous upward wave and testing the strength of spot/ETF-based fund flows. While price-volume dynamics indicate that the effect of leverage clearance may last for a few more sessions, it is reminded that the structural trend remains dependent on the interest rate policy.
Short Term Expectations
On the macro side, with the Fed’s gradual interest rate reduction expectations dollar indexThe search for direction continues to be decisive on risky assets such as cryptocurrencies. A permanent increase in interest rates could weaken the narrative. The opposite possibility is that both gold and cryptocurrencyIt keeps the demand window for products alive. Expert opinions are that the theme of depreciation may turn into a multi-year story if the loosening of monetary policy continues.
In the microstructure of the market, entries and exits to ETFs and the reconstruction of leveraged positions in futures will determine the direction. Sudden tariff/news shocks necessitate cautious position management, as seen in the recent price movement where macro headlines rather than cryptocurrency-specific news flow drove pricing. If the technical thresholds are broken one after another, the $96,530 scenario will strengthen, while persistence in the $110,000-125,000 band will keep the possibility of recovery alive.
