Can the DXY (US dollar index) give us insight into where we are in the crypto market cycle?
I think it can.
In today’s issue, I’ll show you a monthly structure on the DXY that sheds some light on where Bitcoin and gang might be heading later this year.
I’ll also provide updates on BTC, ETH, LINK, and VET.
Let’s get to it!
Cryptocurrency’s Relationship to the US Dollar
There are two primary reasons the US dollar matters in the world of crypto.
1. It’s the dominant quote currency
BTCUSD, ETHUSD, etc., are the dominant pairings in the crypto market.
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