From the daily chart, the low point of DXY on August 11 can be seen as a support level.


Almost all risk assets' enemy—DXY.
After this three-month rise in DXY, risk assets have been gradually suppressed, such as stocks, gold, and BTC.
Recently, DXY has started to decline, which is positive for risk assets, and the SPX has also climbed. If it breaks below this support, it will further benefit the stock market and trigger a stronger rebound. If it breaks and then recovers, forming a false breakout, then the stock market and crypto circle will come under pressure again and continue to plummet.
BTC-2.28%
SPX-3.1%
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