Crypto and Gold Duel as Trade Wars Get Spicy! 🍿💰

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Ah, dear reader, imagine this grand spectacle: China, like a stern schoolmaster, wagging its finger at nations daring to chat with Uncle Sam without Beijing’s blessing. Before the opening bell of the American stock theatre, gold, that age-old shiny mischief-maker, is limping ever so close to the dizzying height of $3,400. Not to be outshone, Bitcoin, that mischievous digital impresario, dances upward by 2.8%, tiptoeing dangerously near the coveted $88,600, where downtrends dare not linger.

Alas! The trade skirmishes and their real-life theatrics unsettle the audience

With the dramatic flair of a foghorn, China declares that any nation cozying up to the U.S. at China’s expense shall face a taste of “countermeasures,” a euphemism for a not-so-friendly slap on the wrist. Meanwhile, from the East of the European chessboard, President Trump hints that if Russia and Ukraine don’t stop their constant finger-pointing and snipe at each other with peace talks that actually work, he might just hang up his diplomat’s hat and disappear backstage.

The golden ticket keeps glittering and climbing

Despite the bickering, gold refuses to sulk, gleefully climbing 2% more this Monday, having already burst through the mystical 2.618 Fibonacci barrier. Whispers among traders suggest the $4,190 realm—the lofty 3.618 Fibonacci level—might greet us by year’s end, provided gold doesn’t decide it’s had enough of this drama.

Bitcoin breaks out—in a pennant, not a pirate ship

On the intimate stage of the 4-hour chart, Bitcoin flings open the curtains on a pennant formation, a sideways shuffle after snipping the main descending trendline. It now stands eye-to-eye with a pesky resistance at $87,300. Should it muster the courage to push beyond, the illustrious $88,600 awaits just above, like a tempting piece of cake on a high shelf.

Yet caution! A gentle fallback to the $87,000 support beckons, as no passport stamp of confirmation has been granted to this breakout. A testing of the pennant’s summit is in the cards—foretelling neither doom nor disaster but rather a bullish tale with a dash of suspense. Only a tumble below $84,000 might invite unwelcome guests.

The big-picture Bitcoin portrait: Sunlight or shadows?

Zoom out, dear reader, to the weekly scene: Bitcoin poses as a descending wedge, now boldly broken free, like a character escaping the playwright’s restrictive script. The Stochastic RSI, that cryptic oracle, flirts with the mystical 20.00 mark, signaling upside momentum as if juggling flaming torches. Concurrently, the RSI has crossed its own forbidden line, announcing buyers have entered stage left, ready to cheer.

A grand surge looms—perhaps imminent, perhaps next week—aiming to scale the formidable fortress of $94,000 to $95,000. Victory here would threaten the all-time titanic $109,000 high, and the bulls would roar like a cossack at a dance, pushing the narrative into explosive new chapters.

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2025-04-21 13:28