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.