The Dollar has been on a rampage, with $DXY up +12%, give or take, since this same time last year.
If we are to continue higher, which macro-wise looks like the likely scenario, I would like to see the 102 level hold here. With such a steep runup, however, I stronger pullback seems needed.
IMO, a drop below 102 > 100 could also see Bitcoin see its relief rally to the mid-30s, before seeing a bounce on DXY once more, and Bitcoin heading back down lower.
If we are to continue higher, which macro-wise looks like the likely scenario, I would like to see the 102 level hold here. With such a steep runup, however, I stronger pullback seems needed.
IMO, a drop below 102 > 100 could also see Bitcoin see its relief rally to the mid-30s, before seeing a bounce on DXY once more, and Bitcoin heading back down lower.