DXY is very correlated with 1/BTC lately

Ignore the scale of the chart.

DXY goes down, 1/ BTC goes down. Which means BTC goes up along with assets until we reach DXY support.

Now check the long term support for DXY:

Good luck and hedge your bets!

تعليق:

I mixed up the labels in the chart:

Hopefully it makes a bit more sense now :p

تعليق:

Also consider the short term outlook for DXY: