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.
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.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.