If we analyze the dollar index and bitcoin chart, we will see that the place where DXY reached its peak was a local bottom on bitcoin. Now DXY has approached resistance and if it does not break through, then there is a big chance of a bottom formation and the start of a bullish trend for bitcoin. But this does not mean that bitcoin will not go lower in the near future, but it gives good prospects for the future.
Comment:
DXY broke through resistance but not too much , there is chance for fake breakout . Good sign will be fall to 100-102 . Now it is a clear local up trend for DXY that is why we see SPY , NASDAQ , BTC , metals decline