The DXY breaking below its trend channel is a really positive sign for risk assets like Bitcoin and Altcoins. Usually, a weak dollar means more money flows into risk assets. The DXY's technical target is 89, which is the level to watch for the end of the crypto bull run.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.