đš THE DOLLAR IS SLIDING â COULD CRYPTO BENEFIT? đșđžđ
The U.S. dollar just hit its lowest level since late May after July retail sales unexpectedly fell 0.6%, putting fresh pressure on the dollar and reducing expectations for further Fed tightening. ïżœ
Yahoo Finance +1
đ DXY: around 99.6
âż BTC: ~$62,970
âïž ETH: watching the broader risk-on move
A weaker dollar can be supportive for crypto, but it doesn't automatically mean BTC will pump. Liquidity, rates, risk appetite and macro data still matter.
đ My view: Don't fight the trendâbut don't chase the first green candle either. Let volume and price action confirm.
$BTC
$ETH
#Bitcoin #DXY #Dollar #Ethereum #CryptoRally
The U.S. dollar just hit its lowest level since late May after July retail sales unexpectedly fell 0.6%, putting fresh pressure on the dollar and reducing expectations for further Fed tightening. ïżœ
Yahoo Finance +1
đ DXY: around 99.6
âż BTC: ~$62,970
âïž ETH: watching the broader risk-on move
A weaker dollar can be supportive for crypto, but it doesn't automatically mean BTC will pump. Liquidity, rates, risk appetite and macro data still matter.
đ My view: Don't fight the trendâbut don't chase the first green candle either. Let volume and price action confirm.
$BTC
$ETH
#Bitcoin #DXY #Dollar #Ethereum #CryptoRally