Not coincidentally, the 10-year US bond yield is testing the post-pandemic waters, comfortably above the 3% threshold and without visible strength to retreat.
Now that there is abundant pessimism on the cryptos, the falling wedge formation on the daily maybe signaling a countermove to come. The overall trend is unquestionably down and there is no evidence of a turnaround whatsoever.
Plenty of chart support below the oil price. The recent bear could not even challenge $100, but the lack of a new high is showing a market looking for the next huge move.
Silver is testing its post-pandemic support line. Are buyers going to show up anytime soon? + Disclaimer