DXY Correlation with BTC remains loose with a preference for the US Dollar to drop in value in arbitrage trades and BTC weakening as new highs are hit. JPY is showing strength against western currencies even as it pulls back from its previous pump which I see as temporary rather than an actual trend or market structure change. VARA MMATIC still slumber stuck within a months long range, leaning bullish with a probable eventual breakout above order walls currently trapping the price below the last bearish takeover of these stackable tokens.
BTCUSDT Will the Fed and Powell Prevent the U.S. from Creating a National Bitcoin Reserve?
The Fed cannot veto the decision to establish the BSR. If the Trump wants to quickly establish the BSR, the most direct way is to sign an executive order to instruct the U.S. Treasury to use the Exchange Stabilization Fund (ESF) to purchase Bitcoin. If he want to establish and maintain the long-term stability of the BSR, it needs include Bitcoin in the Strategic Reserve Act or similar laws through congressional legislation. Both are led by the Treasury Department, not the Federal Reserve
An aggressive decline in DXY is an essential companion of any altseason. A strong dollar always hinders the growth of risk assets. TOTAL2TOTAL3 & OTHERS simply won’t rise without this.
This is one of the very few scenarios where an #altseason becomes possible. If the DXY reaches 109+, it would effectively rule out the chance of an altseason. Both previous altseasons occurred during aggressive drops in the DXY, specifically when it broke below the 200-week moving average (MA200). This marked the peak of the market.
For OTHERS, TOTAL2 and TOTAL3 indices to rise, the DXY must show clear weakness and stay below critical levels.