Dollar Index (DXY) moves in a long-term inverse relationship with BTC.


It’s not something to check every week or month — the real value comes from analyzing the bigger multi-year cycles.
DXY pumped hard from late 2021 through the end of 2022 (red box) — exactly when BTC was in a deep bear market.
Since DXY peaked, BTC has rallied strongly. Over the last 10 months, DXY has been trying (but failing) to break above the prior support zone (orange strip). During this same period, BTC has faced pressure.
There has been no decisive upside breakout in DXY — which remains constructive for BTC and the broader crypto market.
#DXY #DollarIndex #BTC #Bitcoin #Crypto #Macro #TechnicalAnalysis
IN0.58%
LONG-49.95%
BTC2.89%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned