The US Dollar Index is Decreasing - Positive for Cryptocurrency

71
#DXY #Analysis
Description

---------------------------------------------------------------
+ The Dollar Index has breached its support level and is now trading below it, moving toward the next support zone around $100.
+ This development is positive for Bitcoin and the broader cryptocurrency market, as the US Dollar Index typically declines during a bull run.
+ In the long term, I anticipate further declines, potentially reaching the $90 range.
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions.

Best Regards,
VectorAlgo

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.