The US 10 YR moving higher will mean Bonds will go lower....and $TLT is under severe pressure here as it breaks down out of the triangle and now routing to the 2023 low at $82.
Losing this level and it is pain, a lot of pain it must be said and this will be down to the US 10 YR moving higher.
There is certainly an argument here that people are selling Bonds and moving into $BTC, as $TLTs weakness is proportional to $BTC's gains right now.
If $82 is now held and more importantly a rejection under $82, then the next target is $72.
Will Trump allow it to go this low without reacting?
Daniel
2025-05-22 16:16:13 +0000 UTCTim
2025-05-22 14:23:36 +0000 UTCIlias
2025-05-22 11:59:31 +0000 UTC