Why did $BTC drop as DXY spiked?
Yesterday's CPI print came in hotter than expected, pushing the dollar index up 0.8% in an hour. BTC fell in step — a pattern we've seen 4 times this quarter.
Scenarios
Bull: reclaim $61k support, DXY fades back
Bear: DXY holds above 105, BTC retests $58k
Risk: thesis breaks if DXY reverses below 104 this week
$BTC
#Creatorpab
#writetoearn
Yesterday's CPI print came in hotter than expected, pushing the dollar index up 0.8% in an hour. BTC fell in step — a pattern we've seen 4 times this quarter.
Scenarios
Bull: reclaim $61k support, DXY fades back
Bear: DXY holds above 105, BTC retests $58k
Risk: thesis breaks if DXY reverses below 104 this week
$BTC
#Creatorpab
#writetoearn