The DXY (US dollar index) has wreaked havoc on the crypto market in recent months. In fact, since May of last year, it’s put pressure on risk assets, especially Bitcoin.
With the index coming into a massive area of confluence today, it’s time to talk about the potential for a pullback, which would be bullish for Bitcoin.
In today’s issue, I’ll discuss the factors I’m eyeing with regard to the DXY as well as some key technicals for BTC and ETH in the coming days.
Plus, an update on the gold breakout from last week.
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