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.
The US Dollar Index $DXY has just rejected a major resistance level, right at the 0.618 golden ratio.
And judging by the strength of that rejection, downside pressure should continue.
Just remember the basic rule: DXY down = risk assets like $BTC up.