Hello traders, we have had an amazing pump today in the crypto markets, but do not FOMO. Looking at the DXY on the 4H we can see we have created a bullish divergence. Looking at BTC on the 30 minute we have created a bearish divergence. Historically, whenever the dollar goes up BTC goes down and vice versa. Therefore, I would use caution here at these levels and wait for a move back to the downside before potentially looking to go long. Carefully be watching the DXY as well as stocks and equities when they open tomorrow.
Trend Analysis

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