The US10Y has just formed a Death Cross (the MA50 (blue trend-line) crossing below the MA200 (orange trend-line)) on the 4H time-frame since September 24, 2020!. That is technically a bearish formation. It gets even more bearish if we count the fact that the price got rejected on the 4H MA50 after the bounce. The last time we had such a rejection on a 10-20 day selling sequence was on June 16, 2020.
This pattern has the capacity to stop the uptrend of the recent months and initiate bearish momentum on the medium-term. The green zones indicate potential Supports. Personally, I expect the price to drop all the way to the 1W MA50 (yellow trend-line) which is the pivot between being bearish or bullish on the long-term.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **