Gold has hit another all-time high, now it’s time to see how $BTC performs. If both move up together, it often signals stronger market expectations for 'USD depreciation and an easing cycle.' When the Fed cuts rates and global liquidity is unleashed, gold and Bitcoin often benefit simultaneously, with prices rising in tandem. Right now, gold is climbing, and Bitcoin has temporarily stopped its decline, which might be due to heightened market risk-aversion sentiment. However, since $BTC is still largely considered a risk asset, it will only rise when market sentiment turns positive. For risk assets to rally further, the market first needs to be convinced that the current highs are not the peak and that the current levels are supported by actual market demand.