We are here at a cross road where BTC is battling its way up towards the 20W SMA as the DXY is retesting the resistance of the falling channel it fell from a couple of weeks ago.
DXY RSI currently turned above the 60 level. This could be considered a sell signal in a bear trend, or a buy signal in a bull trend.
Which way the DXY is heading from here? I'd say, the DXY will fail the retest of the resistance and move downhill from here. And this will trigger BTC to conquer the 20W SMA at last.
What about you? What is your guess?
DXY RSI currently turned above the 60 level. This could be considered a sell signal in a bear trend, or a buy signal in a bull trend.
Which way the DXY is heading from here? I'd say, the DXY will fail the retest of the resistance and move downhill from here. And this will trigger BTC to conquer the 20W SMA at last.
What about you? What is your guess?
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