Downward indication in short term
While DXY & USDT D is in an uptrend, BTC D seems neutral while BTC Perpetual open interest increased slightly. Meanwhile, US DOW is in a downtrend ahead of earning report followed by a further 75 basis point rate hike.
Until DXY drops down from the resistance there is less chance of a mid-term bounce in the market. In the short term, we might see a local bottom visit.
Until DXY drops down from the resistance there is less chance of a mid-term bounce in the market. In the short term, we might see a local bottom visit.
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