DiamondHand-

DXY USD INDEX VS BITCOIN CORRELATION

TVC:DXY   U.S. Dollar Index
#USD INDEX

▪️The global chart of the dollar index is at its maximum values, the strengthening of the index means a decrease in bitcoin and vice versa.

▪️That is, if we go for a correction, then BTC will start to grow!

▪️Now we can see the global channel of the index + the formation of a double top, if the pattern works out we will start to decline, the lower limit of the channel is Bitcoin at $30,000, leaving the channel down will give us a push to ATH on BTC.

▪️Continued growth of the index - lowering bitcoin below $20,000. The upper border of the channel will be a strong loss for the cryptocurrency.

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