🚨 BREAKING: DXY Hits Highest Since May 2025 – Crypto Bleeds!
The US Dollar Index ($DXY) has officially broken above 100.40, surging 0.40% today and marking its second consecutive green week!
📊 Key Macro Drivers:
Rate Hikes: CME FedWatch shows a 70% probability for a Fed rate hike in September.
Technical Indicators: DXY RSI is at 73.4 (Overbought), and ADX sits at 36, indicating a very strong trend.
Economic Strength: US PMI Services printed at 51.3 and Manufacturing at 55.7, proving the US economy remains hot.
📉 Market Impact:
A stronger dollar spells risk-off sentiment across global markets. Liquidity is actively draining from crypto:
$BTC : \-3.2\%
$ETH : \-4.1\%
$SOL : \-5\%
💡 My Strategy:
I’m not buying the dip just yet. With DXY holding strong above 100, the market remains bearish for altcoins, at least until the upcoming PCE data release this Thursday.
👇 What’s your move? Are you looking to short the market or buying the dip? Let's discuss below!
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