BTC performed and HYPE was up 25% after this post. I have traded more commodities recently and this is a bearish setup I've taken to short Silver SI, betting on the Iran war will take longer and ultimately bring more heat to the market with supply chains disrupted and crowded trades like Silver continues to get sold off Huge volume in the first leg down in wave A, followed by a corrective B wave bounce. With Silver broke the trendline, it's now likely working on the big leg C wave down to the 50s, with clear invalidation at 90.4 For those who don't want to naked short Silver, you can consider to go Long BTC/Short Silver, as you can see below BTC/Silver has just broken the downtrend line clearly. BTC has outperformed Gold/Silver and other risk assets in general since war started, and this trend should continue as long as the war remains intensive as Bitcoin has ran out of sellers. Given world war has escalated to another level, I believe that the 60k level could be this cycle's low.(Nachi)