U.S. Dollar IndexUpdated DXY Macro Levels
DXY RSI compared to BTC
DXY/RSI bottoms mark the BTC top. Conversely, BTC bear markets generally occur when the DXY ranges before it drops and the bull market starts.
The multi diagonal and horizontal trending resistance should offer a solid rejection given how hot the dollar came into this zone. The inevitable fed pivot may just provide that drop-off we need for the macro trend to reverse.
DXY/RSI bottoms mark the BTC top. Conversely, BTC bear markets generally occur when the DXY ranges before it drops and the bull market starts.
The multi diagonal and horizontal trending resistance should offer a solid rejection given how hot the dollar came into this zone. The inevitable fed pivot may just provide that drop-off we need for the macro trend to reverse.
Note
Resistance broken! No sign of top formation yet
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