But as bitcoin takes market share from gold, bitcoin has considerably more upside than gold.

Despite bitcoin’s election-fuelled rally, its 260-day complexity is not yet close to the 1.2 level that would signal the start of another crypto winter.

Hence, while we should expect a near-term retracement, bitcoin’s structural uptrend is intact with an ultimate destination of $200,000+

10-year T-bonds and Portuguese stocks are tactically oversold.