The daily chart has broken below the previous consolidation range's support, confirming a bearish trend. The 4-hour chart further validates this judgment: during rebounds, the highs are gradually decreasing, while the lows are continuously making new lows—typical of a downward continuation pattern.
Regarding MACD, the indicator remains below the zero line, with green bars occasionally expanding, indicating that selling pressure is still being released and the bearish momentum has not yet fully waned.
Trading strategy: Consider short positions around 94-95, with 96 as a protective stop. Key support levels below are sequentially around 92, 89, 86, and 83, where layered take-profit targets can be set.
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SocialAnxietyStaker
· 20h ago
The bears still need to drop another wave, going short at 94 is definitely safe, just worried about a rebound crashing down.
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MEVSandwichVictim
· 20h ago
Another round of continuous decline, the MACD green bars are getting thicker, and the bears really never end.
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AirdropCollector
· 20h ago
Silver is going to fall again, the bearish trend is so obvious... I need to watch the 94-95 range closely, don't get fooled by the rebound.
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MetaverseLandlady
· 20h ago
The short squeeze this time is really fierce. Enter short positions directly at 94-95, waiting to harvest the profits.
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LowCapGemHunter
· 20h ago
The recent bearish trend in silver is indeed fierce. Entering a short position around 94-95 feels like a good opportunity, just need to keep a close eye on the 96 level to avoid getting trapped.
#MSCI未来或纳入数字资产财库企业 Silver Technical Overview (1.21 Midnight)
The daily chart has broken below the previous consolidation range's support, confirming a bearish trend. The 4-hour chart further validates this judgment: during rebounds, the highs are gradually decreasing, while the lows are continuously making new lows—typical of a downward continuation pattern.
Regarding MACD, the indicator remains below the zero line, with green bars occasionally expanding, indicating that selling pressure is still being released and the bearish momentum has not yet fully waned.
Trading strategy: Consider short positions around 94-95, with 96 as a protective stop. Key support levels below are sequentially around 92, 89, 86, and 83, where layered take-profit targets can be set.
$BTC $XRP Stay tuned for market correlations.