I always understood the difference to be that emunah is the belief or knowledge that God exists and runs the world while bitachon is relying on and trusting in that powerful God that you know exists. Emunah is more intellectual while bitachon can take many forms. It can have actual practical ramification on decisions you make (actively relying on Hashem can theoretically change decisions you may make regarding health or parnasah for example) or just emotionally (giving strength in times of trouble). Bitachon is built upon emunah but they are not the same thing.
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