Hi traders, I have my first target set at around $7600.

Here's why.

Bitcoin.

• After days of shameless "Death Cross" FUD, Bitcoin is having a decent rally down from its low at $6400 but it remains to be seen if this momentum will be sufficient to carry us into bullish territory;

• I drew two scenarios based on volume profile and trend-lines, my bias is still bearish until proven otherwise which means that I'll be selling at tight targets in cash and not in Bitcoin.

Silver.

• Silver looks like a very decent buy on the chart with clear accumulation, I am likely to hedge some of my crypto gains from last year in that and gold (as investment) in case stocks go bear and money starts flowing into precious metals.

That's it for today,

Cheers.

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