DXY is very correlated with 1/BTC lately Short
U.S. Dollar Currency IndexTVC
Description
⋅ Ignore the scale of the chart.
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: