BTC / XAU seems to be at an important point in the relationship

Bitcoin is trading on the trend line against spot gold and it looks like we may breakdown and test the lower support, meaning we see short term gold outperformance against bitcoin. I do think we will hold the lower support and bounce back stronger.

I did previously mention that bitcoin may test 81K then continue trading in the parallel channel with a cycle high of 140 - 160K. We shall see the how this may unfold.

I do think we get gold going up to 3100 then a bitcoin dip towards 81k. Would be a good time to rebalance back into bitcoin and sell some of the gold.

Gold can trade to 3200 without a major correction though the RSI is getting high.