Be expecting a pullback towards November high and the sell will come heavily to push the market to my first target 1.2680 (50% Fibonacci of October low and November High) and the 1.2300 (61.8 Fibonacci) from there we can see another major pullback before the continuation to the downside.
Bitcoin Hit the upper line of the channel started more than a year ago. The next move is the pull back to 31k.
If the zone (31k) hold as support we may likely see a re bounce to 43k+ then from there we can see a major drop to 25k or below.
If 31k failed to hold as support and market closed below it on weekly time frames we are going see 25k or below.
DXY ranged between 89.50 and 103.00 for good 7years from Jan 2015 to March 2022. It broke out of the range in April 2022 and since then 103.00 has been the pivot point for DXY. we have seen a lot of torches on 103.00 but market is ready to make that last touch and finally move away from the zone.
The red channel will continue to guide the DXY till the asset hit...
