To truly navigate BTC's complexities, one must first grasp the intricacies of DXY's movements.
The U.S. Dollar Index (DXY) is on the brink of completing a double top pattern, possibly reaching a higher high (HH). In September 2022, when DXY last peaked, BTC simultaneously hit a low near $16,000. This historical correlation suggests a strong likelihood that DXY will break out from its current consolidation phase and ascend to a higher high, establishing a double top.
When DXY begins to retreat, BTC is poised for its next substantial upward movement. This inverse relationship underscores the critical need to closely monitor DXY to accurately forecast BTC's trajectory.
The U.S. Dollar Index (DXY) is on the brink of completing a double top pattern, possibly reaching a higher high (HH). In September 2022, when DXY last peaked, BTC simultaneously hit a low near $16,000. This historical correlation suggests a strong likelihood that DXY will break out from its current consolidation phase and ascend to a higher high, establishing a double top.
When DXY begins to retreat, BTC is poised for its next substantial upward movement. This inverse relationship underscores the critical need to closely monitor DXY to accurately forecast BTC's trajectory.
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.
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.