Japan’s Q1 $33B U.S. Treasury sales refocus attention on BTC/XAU resistance

BTC/XAU has risen 19% in Q2 and is nearing a mid-January resistance level as macro uncertainty builds. The setup echoes Q1, when Bitcoin fell more than 30% from $93K to about $62K by mid-February and BTC/XAU later saw a 28% correction. With April inflation around 3.8%, Treasury yields above 4.5%, and Japan’s Q1 Treasury sales highlighted as a liquidity factor, some warn a similar pullback risk remains.