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Analyzing BTC exchange rate from the gold standard perspective
The price ratio has fallen back into the "undervalued zone" of the five-year cycle and is close to the overlapping support zone at 17.05, with an extremely high risk-reward ratio.
Core support level (17 - 18 XAU): This is the current price range. Historically, this level has repeatedly acted as resistance or support in August 2021, early 2022, and mid-2023. #GOLD #btc