DXY - Dollar Index While the dollar has depreciated, this al | AsiaSignal | Crypto Signals
DXY - Dollar Index
While the dollar has depreciated, this allowed risk assets like stocks and BTC to bounce, but after hitting solid support are now about to see the dollar bounce, which would put the brakes on the current BTC recovery. If the dollar breaks out of this bearish market structure, we could see an upward move in the dollar. When doing your analysis of Crypto, you need to be aware of what the stock market and dollar are doing. The correlation is still very much evident
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