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Bitcoin Tires at $80K, Platinum Eyes $1,800, DAX Bulls Target Breakout

By: 
Christopher Lewis

Bitcoin looks vulnerable near $80K, while platinum eyes $1,800 support and DAX bulls target a breakout above key 26,000 support.

US 10-Year Yield Technical Analysis

Daily US 10-year yield chart at 4.656%, trading above the 50-day EMA near the top of its recent range.
The 10-year yield is consolidating between the 4.60% and 4.70% area, holding above both rising moving averages with support at 4.45%. Source: TradingView.

The first chart, as per usual, is the 10-year yield in the United States, which has been range-bound between 4.6% and 4.75% for some time now. And with the core PCE numbers coming out as expected, it’s not a huge surprise that we see a bounce from the 4.60% region. With this, I think we probably focus more on technicals today than anything else.