BTC alternative scenario
Hello folks, recently I gave my opinion on BTCUSDT and DXY, they are inversely correlated.
Here's a DXY chart:
Here's a BTCUSDT chart:
Now, the price of BTCUSDT is at a crucial level. If it bounces right now, I expect the recent high to be taken and a reversal to the downside will occur.
But, if it aggressively breaks below 21.3k I suspect we would see something like this. Alts would get annihilated though.
Here's a DXY chart:
Here's a BTCUSDT chart:
Now, the price of BTCUSDT is at a crucial level. If it bounces right now, I expect the recent high to be taken and a reversal to the downside will occur.
But, if it aggressively breaks below 21.3k I suspect we would see something like this. Alts would get annihilated though.
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