Internet reports that data shows that the exchange rate between Bitcoin and gold (BTC/XAU) has entered a bearish fractal and is currently testing the 50-day moving average level. If it breaks below, it may enter a deeper adjustment, especially if macro conditions deteriorate. Analysts believe that from a fundamental perspective, Bitcoin's price outlook seems to be tilted downward. Investors are worried that President Trump's global tariff war may escalate into a full-scale trade war and trigger a U.S. economic recession. Risk assets such as Bitcoin often perform poorly during economic contraction.