🤖 #EXTERNAL - 30.08 🤖
Looking like the DXY is struggling and forming a double top along with a bearish divergence and also hitting a key resistance....and overbought. Expecting a big retrace here which will drive money towards investment again - which will give BTC a good chance at a rally. BTC has not been as affected as much as usual by the S&P drop, whether this is due to there being far less paper hands in BTC now and only really HODLers of last resort left or a movement towards a decoupling it is too early to say.
Ultimately this is lining up with the TA and Crypto sentiment to suggest an incoming bull rally.
Looking like the DXY is struggling and forming a double top along with a bearish divergence and also hitting a key resistance....and overbought. Expecting a big retrace here which will drive money towards investment again - which will give BTC a good chance at a rally. BTC has not been as affected as much as usual by the S&P drop, whether this is due to there being far less paper hands in BTC now and only really HODLers of last resort left or a movement towards a decoupling it is too early to say.
Ultimately this is lining up with the TA and Crypto sentiment to suggest an incoming bull rally.
