Bitcoin rose above $80,000 on Friday, extending a rebound that found support at $75,000 after the US Senate’s CLARITY Act failed to advance and the Federal Reserve delivered a 25-basis-point rate rise. Gold traded near $4,350, with XAU/USD holding a neutral-to-bullish tone as price stayed tethered to short- and medium-term moving averages, pointing to a measured recovery rather than a sharp acceleration.
In Washington, the Commodity Futures Trading Commission filed its crypto asset rulemaking package, titled “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets”, with the White House for review via the Office of Information and Regulatory Affairs. Separately, the Securities and Exchange Commission granted conditional exemptive relief to Tokenized Securities Venues to trade tokenised National Market System stock using liquidity pools, potentially enabling US-listed tokenised equities within a regulated framework. Technically, Bitcoin remained above a 50-day, 100-day and 200-day EMA cluster spanning roughly $71,700 to $73,950, alongside SuperTrend support at $72,788, with RSI near 62 and a negative MACD histogram; support sat at $80,000 then $75,000, with deeper levels at $73,953, $73,178, $71,666 and $65,202. Gold printed $4,345, with 50-day EMA at $4,343, 200-day EMA at $4,319.34 and 100-day EMA at $4,361; RSI hovered around 49, MACD stayed below zero, and overhead levels included $4,400, $4,513 and SuperTrend near $4,591.
Trading Strategies for Bitcoin and Gold
With Bitcoin pushing past the major $80,000 milestone, we advise derivative traders to lean into a cautious buy-on-dip strategy rather than chasing the breakout. While the regulatory relief from the failed CLARITY Act is boosting spot demand, the negative MACD histogram suggests that the immediate upside momentum is cooling down. We should look for entries near the $75,000 support level using leveraged perpetual contracts, setting tight stop-losses just below the 50-day EMA at $73,953.
For gold, currently consolidating near $4,345, we recommend a range-bound trading approach in the coming weeks. The metal is tightly squeezed between the 200-day EMA of $4,319 and the 100-day EMA of $4,361, pointing to a temporary lack of directional drive. We can exploit this consolidation by selling straddles or trading tight range-bound options until we see a confirmed daily close above $4,400.
Impact of Regulatory Developments and Macroeconomic Trends
Recent regulatory developments, like the CFTC submitting its new crypto rulemaking to the White House, are creating a highly supportive environment for digital assets. Historically, whenever regulatory clarity improves, institutional derivative volume surges, much like the 20% jump in regulated crypto futures open interest we saw during previous regulatory milestones. We expect this regulatory shift to keep a solid floor under Bitcoin, making deep pullbacks excellent buying opportunities for long-term options.
As the market processes the Fed’s recent interest rate hike, macroeconomic uncertainty remains a key driver for both assets. Gold’s massive upward trajectory—having risen significantly from its late-2024 levels around $2,600 to today’s $4,350—shows that hedging against systemic risk is still a top priority for global funds. We suggest allocating a portion of derivative portfolios to long gold call options expiring in the coming months to capture the eventual breakout toward the $4,500 target.
