Chille
18.8K posts





$SILVER no strong conviction here, but $50 is a major support level and if it gets tested, i want to be a buyer. $50 was the resistance that started silver's entire rally. once it broke, price ran to $130 in a relatively short period of time. that's how these major levels work, when a key resistance breaks, a quick rally follows and that same level eventually gets retested as support. this has already played out on the chart. silver pulled back to $62 before bouncing, which shows the market respects this structure. price could continue higher from here, but if $50 doesn't get tested, this chart doesn't interest me. too risky, too volatile for a clean entry.


$btc holding above this support looks reassuring on the surface, but most altcoins have already lost their support levels. the broader market isn't inspiring confidence, so leaning too hard on this support would be a mistake. one thing is clear though. if support is lost, the probability of bitcoin dropping below $59k increases significantly. for a safer outlook, $77k needs to be cleared. sitting in a pretty neutral zone right now.
















