๐จ๐จ๐จpay attention !!! ๐จ๐จ๐จ
The dollar index (DXY) has an inverse relationship with the crypto market!!!
Here you can see the dollar index, which after a strong upward pulse hit the midline of its long-term channel. It is natural to see a correction after the first collision, and this correction can continue up to the range of 100, and then after creating a correction with another upward pulse, it moves towards the ceiling of the channel, which becomes the range of 122. And this is not at all for the crypto market. It is not a good thing and it can cause a sharp drop in the market. Also on the Nasdaq market.
So please be careful ๐๐ป๐๐ป๐๐ป
The dollar index (DXY) has an inverse relationship with the crypto market!!!
Here you can see the dollar index, which after a strong upward pulse hit the midline of its long-term channel. It is natural to see a correction after the first collision, and this correction can continue up to the range of 100, and then after creating a correction with another upward pulse, it moves towards the ceiling of the channel, which becomes the range of 122. And this is not at all for the crypto market. It is not a good thing and it can cause a sharp drop in the market. Also on the Nasdaq market.
So please be careful ๐๐ป๐๐ป๐๐ป