1BigPapi

DXY - Spicy Rally - Factors Into BTC Drop

TVC:DXY   U.S. Dollar Index
As noted before, there is often an inverse correlation where DXY and BTC move opposite each other. DXY had an impressive rally today, reach new highs for 2021. Bitcoin moved the opposite and posted a healthy correction. Long term I don't see any reason to be concerned, this still fits into the macro Bitcoin pattern, and the dollar is unlikely to post a sustained rally. Of course we'll continue to monitor.

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