TrendmasterOfficial

DXY hits Yearly High is Bitcoin going to Hold of Fold?

COINBASE:BTCUSD   Bitcoin
The Dollar Currency Index hit a yearly high of 91.6, its highest since the 1st of December 2020.
DXY and the Market (Bitcoin included) have a loose inverse relationship to one another.
DXY Pump = Market Dump and Vice Versa.
Interesting few days coming up to see if the 'Ole Corn' is going to keep moving up or if we are going to breakdown and go lower...
Our Analysis is leaning towards the latter.
Our level to hold on the downside is 37k to 38.5k if that goes we are free-falling to the 21 Week EMA.
And remember, every bull run has had a test of the 21 Week EMA which currently is down around the abysmal 31k for BTC.
But we aren't there yet, but then again we are short from 50k so...

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