From the perspective of the Five Elements attributes: the dominance of gold and the quiet period of Bitcoin

In the current uncertain market environment, gold has broken through $4,700, while Bitcoin is stuck oscillating within the 93k-98k range—this is a classic “Metal overcomes Wood” phenomenon. Based on the Five Elements attributes analysis, gold represents “Metal,” which has defensive and value-preserving characteristics, whereas Bitcoin, although hailed as “Digital Gold,” is more aligned with the “Fire and Wood” attributes, symbolizing growth aspirations and innovative passion. In the current market landscape, the mutual generation and restraint relationships among the Five Elements are coming into play.

Market Pattern under the Five Elements Framework

In traditional Five Elements theory, Metal, Wood, Fire, Water, and Earth form a cycle of mutual generation and restraint. The key in the current market is that: as “Metal,” gold possesses strong defensive capabilities, suppressing the growth force inherent in Bitcoin’s “Wood and Fire” traits. This is not the end of a bull market, but a transitional phase of the Five Elements attribute conversion.

Using the Five Elements to interpret the current trend, gold’s rise reflects an increase in global risk aversion. Trump’s tariff policies, stock market volatility, geopolitical risks—all these factors are reinforcing the defensive demand for “Metal.” Meanwhile, Bitcoin, though not collapsing, has its “Fire and Wood” characteristics—risk appetite and growth stories—temporarily suppressed. At this stage, market sentiment leans toward “saving and risk aversion,” rather than “adventure and innovation.”

Fear Signals and the Precursor of Five Elements Transformation

According to the cryptocurrency Fear Index, the current market fear level is 32, which corresponds to a typical testing period—using the language of the I Ching, it is the “Kan Hexagram” (Risk and Opportunity Coexist). The significance of the fear index is that, although the market is filled with worries, this very worry signals an impending change.

The change in Five Elements attributes is not sudden but shows signs of gradual development. When the “Metal” attribute of gold reaches its peak, its restraining power will gradually weaken. Based on market observations, once this risk aversion peaks, capital may flow back into Bitcoin, restoring the vitality of the “Fire and Wood” traits. This is the principle of “Extreme Repression leads to Reversal” in Five Elements theory—once the suppressing force loosens, the suppressed force rebounds.

Bitcoin Price Range and Key Points of Five Elements Conversion

Currently, Bitcoin’s price has fallen from the 93k-98k range to 82.75k (as of January 30, 2026, with a 24-hour decline of -2.89%). This price point has important significance in terms of Five Elements attributes:

Lower boundary (92k-93k): This is the lower limit of the “Kan Hexagram,” representing the critical point where “Light still remains.” If Bitcoin holds this range, it indicates that the “Fire” has not been completely extinguished, and there is still a basis for a rebound.

Upper boundary (around 98k): This is the key point for breaking through resistance. When Bitcoin surpasses 98k, it means the restraining power of “Metal” is weakening, and the “Fire and Wood” traits are beginning to recover vitality—marking a significant event in the attribute conversion of the Five Elements.

Although Bitcoin has dropped to 82.75k, the decline itself is a test of market confidence. According to the Five Elements theory, the closer to the bottom of the repression, the stronger the rebound force.

Trader Consensus and Validation of the Five Elements Conversion

Many seasoned analysts’ views align with this Five Elements attribute analysis:

UnknownTraderJ emphasizes “testing at 925-935, if it breaks below 903, exit”—this reflects a conservative but rational strategy of maintaining the “Light still remains” bottom line.

DaanCrypto points out “a weekly reversal is needed to change the trend”—this indicates waiting for a larger timeframe to confirm the Five Elements attribute shift. Only when the weekly chart confirms the signal will a new cycle of the Five Elements truly begin.

Beigs mentions “over $100,000, 70% of short positions are still open”—this shows that there are still significant bearish forces, which confirms that the “Metal” restraining “Fire” phenomenon is ongoing. But when these shorts start closing, it will be the moment of the Five Elements transformation.

Waiting for the Transformation, Maintaining Confidence

From a long-term perspective of the Five Elements, the dominance of gold cannot suppress Bitcoin forever. The current repression phase is actually a buildup of energy—like compressing a spring, the longer the compression, the stronger the rebound.

The key is to patiently wait for the natural transformation of the Five Elements attributes. This is not an instant process but a market cycle that requires time to validate. The strong performance of gold and the lull in Bitcoin itself foreshadow an upcoming reversal—because in the Five Elements system, any excessive dominance of one attribute sows the seeds of its decline.

For investors, the most important thing now is not to chase highs but to understand that the market is undergoing a Five Elements attribute transformation, waiting for cycle signals to confirm. The bull market is not dead; it has entered a quiet period, preparing for the next “Fire and Wood” explosion. Stay observant, stay patient—that is the most prudent strategy.