This is the only non-crypto chart that consistently affects crypto - US dollar index.
As dollar goes up crypto usually goes down and the vice versa (especially on the stronger moves).
I have precisely marked two areas where dxy could go to and then go down… in other words from which BTC will be bullish.
As you notice we are close to area 1 - and that would be good news for crypto.
Alternatively, we have some drop awaiting us before recovery.
Also macro, as you see on dxy, we are bullish on btc. Even this supports the thesis (stocks-peg narrative).
