DXY goes down, 1/ BTC goes down. Which means BTC goes up along with assets until we reach DXY support.
Now check the long term support for DXY:
Good luck and hedge your bets!
Comment:
I mixed up the labels in the chart:
Hopefully it makes a bit more sense now :p
Comment:
Also consider the short term outlook for DXY:
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Hopefully it makes a bit more sense now :p