The analysis focuses on Bitcoin (BTCUSD), Gold (XAUUSD), and the Bitcoin/Gold ratio (BTCXAU) using Elliot Wave and Fibonacci retracements/extensions. For BTCUSD, the preferred interpretation on the 1D chart suggests a decline to the $74,000-$68,000 range, which would complete an A-wave, before a larger B-wave rally. However, the market has already seen a 20% rally from November lows to the current $97,000, and a break above $102,000 resistance would invalidate the decline thesis, indicating a more aggressive rally. The current state is considered a decision zone. For XAUUSD on the 2W chart, a five-wave advance from 2015 lows is observed, with an aggressive extension in the fifth wave. Gold is seen as bullish, with a potential target of $5,100. A break below $3,628 (61.8% Fib level) would suggest a deeper correction. The BTCXAU ratio on the 4D chart indicates a potential wave 4 correction following a third wave top in 2021. The current decline is structured as an A-B-C wave, with a target for the C-wave at approximately $17.22 to $16.17. The nearest resistance is between $22.45 and $23.69, and a break above this would likely trigger a larger corrective rally. For now, the pressure on BTCXAU appears to be downward, suggesting Bitcoin might underperform Gold.