The US 10-Year Treasury Note yields have shown significant volatility, with key Fibonacci retracement levels marking potential resistance points.
The 200-day moving average has consistently acted as robust support.
Although the RSI divergence suggests a cautious outlook for further yield increases, a break below the support line near the 200-day moving average may indicate a bearish trend for bonds.
Such a development would likely be positively received by markets, leading to gains in equities, real estate, commodities, and cryptocurrencies.
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RSI>US10YR 👀🖨️⏳💸