FeelsStrategy

Bitcoin correlation with USD/CNYđź’ą

Long
INDEX:BTCUSD   Bitcoin
The change in monetary policy in China also has an impact on $BTC. This is clearly visible on the chart of the ratio of short-term bonds to long-term bonds, every time the trend line breaks, bitcoin enters a faster growth phase.↗️

đź’ˇThe chart of the yuan shows a similar picture. It just happens a little later. It's a similar moment now, the bond trend is on the verge of breaking, and the yuan still has room to spare.

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