🌟 BTC, gold or oil? The secret connection that will change your trading! 🚀
My friend made $1,000 knowing this fact about BTC! 😲 Here’s the problem: traders are losing money not understanding how Bitcoin is related to gold and oil. Unknown fact: BTC has a correlation of 0.6 with gold (as “digital gold”) and an inverse correlation (-0.5) with oil due to the US dollar (DXY)! In May 2025, when DXY rises, oil (WTI) and BTC fall, while gold remains stable.
Binance Square is buzzing: when oil jumped by 3% due to geopolitics (OPEC+ cuts), BTC dropped to $97,996, and gold rose by 2%! 📉📈 The secret: watch DXY and oil news to predict BTC/USDT movements. For example, in January 2025, traders profited by buying BTC after DXY fell. Want to trade smarter? Use Binance and TradingView charts!
🔑 What to do?
1. Track BTC/USDT and XAU/USD on Binance.
2. Follow DXY and OPEC+ news on Bloomberg.
3. Share your thoughts in #BinanceSquare!
💥 Don’t miss out on profits! Which asset is your favorite? Comment below and trade on Binance! 👇