$BTC It goes without saying that the dollar will underperform over a sufficiently long time frame relative to many assets or indices such as SPX, GOLD, or BTC, due to more US dollar paper being printed. However, during certain periods, when the dollar demonstrates relative strength versus global fiat currencies, it can outperform these assets/indices in the short term, which historically has provided good long-term accumulation opportunities.

Over the past few weeks, we have covered many such indices to predict underperformance of BTC relative to SPX, RUT, or DXY, which has helped us maintain a cautious stance. If DXY reverts back to the 100 area, I believe the dollar will continue to outperform these assets over the coming months. For GOLD, the scenario plotted in the chart below could be a realistic one, which would provide you with good accumulation opportunities, after which GOLD will move higher against the dollar in the coming years. This index has already shown a 1W bearish divergence. ‌