BOND retracing to the 200 Day MA?

Bond price action is dropping due to Bitcoin and upcoming events. The upcoming Fed meeting is causing volatility in the markets. Price action is retracing to the 200 day MA. Both the 200 MA and the 0.786 Fib level sit around $7. If the 200 MA does not hold as support, we will likely head to the next level of support at $6.40.
Hidden bullish divergence on the 1 hour time frame could be a sign of an upcoming reversal in price action.