It seems the crypto market has once again entered a period of consolidation, which is healthy overall. It’s also no surprise given Bitcoin’s recent test of the yearly open.
So today, we’ll take a look at what the DXY is doing following last week’s bearish engulfing candle. I’ll also provide an update on BTC and ETH.
Lastly, I’ll update you on our play-to-earn tokens including WEAPON, KITTY, and KORI.
US Dollar Index (DXY)
The DXY looked like it wanted to break down after Thursday’s CPI. However, the market held onto trend line support from May.
It also didn’t quite break below 95.13, which is what’s needed to confirm last week’s bearish engulfing candle.
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