DXY vs BTC - Don't Fade the FedVery simple concept that people should be aware of.
When DXY runs it is because investors are risking off from the market into USD for some reason.
Usually DXY will run in opposition to the majority of Stocks, Crypto and other risk on markets.
The Fed has announced yesterday that there will be less rate cuts than expected in 2025 and are hawkish causing a market wide selloff into USD and other safe haven assets.
This risking off may be done and we could see a reversal on the DXY, a failed breakout: or we could be in for more pain.
It's a big warning sign.