The US dollar index is getting ready to rise to the level of 105.28 after breaking down a trend and successfully retesting. Currently, the price is moving in a sideways range in the short term. We are waiting for this range to break upwards in order to reach the level of 105.28. This scenario will remain valid unless the level of 103.66 is broken.
Bitcoin has successfully broken the descending trendline on the 4-hour timeframe and is now retesting it, showing buying momentum that could push the price towards an initial target at $65,000 levels, followed by $68,000 levels.
It should be noted that the upward potential will be invalidated if the price returns below the descending trendline that it successfully broke.
The USD/JPY pair successfully broke the uptrend line and retested it, at the same time. The RSI indicator signals negative momentum. The expectation is that the decline will continue, with the price reaching 154.71, provided it does not break above 185.67. Stability above 185.67 is required.
