Gold & Bitcoin

(GCQ25) (BTCUSDT) 

The charts are key to this analysis.

Gold hit 78.6% of the 4/22/25 high and 5/15/25 high at 3453.50 on Friday.

Bitcoin hit 78.6% back to the ATH at 109,500 we will now follow the ONE44 78.6% rule to see what is next.

Short version,

Any market that hits 78.6% should go 78.6% back the other way. This is also where a lot of Bull markets end and start.

Here is the analysis for this week in each of these markets.

GCQ25

From last week,
 

Use 3399.00 (61.8%) as the swing point for the week.

Above it, look for 78.6% back to the 4/22/25 at 3453.30, a failure to make a new high in the area of a 78.6% retracement can send this market sharply lower, just as it did on 5/7/25.This is also a major Gann square. With no turn....

Friday's high hit the 3446.20 major Gann square and the 78.6% target at 3453.30, this will be the key level for the next week. We will now see if the 78.6% retracement can stop the rally just as it did on 5/7/25 where it sent the market to 38.2% back to the 11/14/24 low at 3195.00 on 5/15/25.

Use 3453.30 as the swing point for the week.

Above it, With no turn lower from this area (78.6%) there are only major Gann squares above to look for resistance and then use as the swing point when closed above, the next two are 3619.60 and 3774.40.

Below it, the longer term target is 78.6% the other way at 3220.00 per the ONE44 78.6% rule. The short term target is 38.2% back to the 5/15/25 low at 3342.00, holding this level is extremely positive and a new high can quickly follow.

Bitcoin

From last week,
 

It had one close below 103,200 had closed right back above it keeping the trend extremely positive. The only level that changes from last week is 78.6% above which is now 109,500.

Use 103,200 as the swing point for the week again.

Above it, the short term target is 78.6% back to the 5/22/25 high at 110,050, a failure to make a new high in the area of a 78.6% retracement can send this market quickly lower per the ONE44 78.6% rule. Without turning lower....

The rally to start the week ended at the 78.6% retracement of 109,500 and that sent it 78.6% the other way at 102,900 per the ONE44 78.6% rule and this will be the key level for next week. We will now see if the failure to make the new high in the area of a 78.6% retracement (109,500) can also end the Bull run for now.

Use 102,900 as the swing point for the week.

Above it, there are only major Gann squares to look for resistance and then use as the swing point when closed above, the next two are 108,840 and 115,797.

Below it, the short term target is 97,550, this is 38.2% back to the 4/7/25 low and 23.6% back to the 8/5/24 low. The longer term target is 88,750, this is 61.8% back to the 4/7/25 low, 38.2% back to the 8/5/24 low and 23.6% back to the 2022 low. The long term swing point is now 75,400, this is 38.2% back to the 2022 low.

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