If, as gold and silver move higher, but not above their March highs (on Gold) , we see a new low in Bitcoin, we can assume a reversal is forming.

$XAG ( #Silver ) - will outperform gold

3-month chart - the first quarter of this year closed with a bearish candlestick with a long upper tail, indicating a likely end to the rally.

However, this does not mean the price will begin to fall right now.

An attempt to push the price higher should be expected, where big money is exiting its positions.

Note that earlier this month, the price already moved down to the 38% Fibonacci retracement of the lower tail.

This is where new longs were opened.

The most likely target level for the upside move could be:

100.42 - 50% Fibonacci retracement of the 3-month candlestick

103.16 - the level marked by the green line (50% Fibonacci retracement of the upper tail of the January candlestick)
#MarketRebound

{future}(XAGUSDT)