Analysis: The US dollar index is approaching a breakout of the upper boundary of the range, and BTC may continue to be under pressure, maintaining a negative correlation with the DXY.

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Deep Tide TechFlow News, June 18, according to CoinDesk reports, Bitcoin, seen as a "rival" to the US dollar index (DXY), is facing sustained pressure, with market attention on the dollar index's imminent breakout above a 13-month trading range.

Data shows that Bitcoin has weakened for the third consecutive trading day, with prices hovering around $63,900, and the overall crypto market is also generally under pressure. Meanwhile, DXY rose 0.26% to 100.66, continuing a 0.8% increase from the previous trading day, approaching the edge of a key breakout zone.

Analysis indicates that if this structural breakout is confirmed, it typically triggers trend-following capital to further push the dollar higher. Historical data shows a clear negative correlation between Bitcoin and the US dollar index, with a strengthening dollar usually suppressing dollar-denominated risk assets. The market believes that the Fed's hawkish stance reinforces the dollar's support logic and may further drive capital toward safe-haven assets and dollar assets.

USIDX0.24%
BTC-2.10%
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