The DXY is testing its breakout level after clearing an ascending triangle.



The Ichimoku Cloud continues to hold as key support.

If this retest succeeds, bullish momentum could strengthen.

A rejection, however, may drag the index back into its previous range.

Since crypto often moves opposite to the US Dollar, this level could play a major role in the market's next move.

#DXY #USDollar #Bitcoin #CryptoMarket #TechnicalAnalysis
BTC1.15%
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椰子壳里装Alpha
· 4h ago
This DXY level is indeed critical. After breaking out of the triangle consolidation and then retesting it, if it holds, it means the start of a new round of strong USD—on the crypto side, pressure is immense.
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GateUser-af0ea0c9
· 4h ago
Ichimoku Cloud held up, but crypto bros are all watching closely—the recent negative correlation between the US dollar and BTC has been too obvious.
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BeGentleWithLeverage
· 5h ago
Whether the retest succeeds or fails determines the direction, but sometimes the crypto market also breaks out into an independent trend and can’t fully be ruled by the mood of the US dollar.
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Paxton
· 5h ago
nice setup let’s go girl
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