According to Golden Finance, data shows that Bitcoin and gold (BTC/XAU) exchange rates have entered a bearish fractal and are currently testing the 50-day moving average level. If it falls below, it may enter a deeper adjustment, especially when macro conditions deteriorate. Analysts believe that from a fundamental perspective, Bitcoin's price outlook seems to be on the downward trend, and investors are worried that President Trump's global tariff war may escalate into a full-scale trade war and trigger a US economic recession. Risk assets such as Bitcoin often perform poorly during the economic contraction.