$BTC is doing something interesting right now đ
Most people only watch the Bitcoin chart.
But thereâs another chart that matters a lot: DXY the US Dollar Index.
Think of it very simply:
When the Dollar gets stronger, crypto usually feels pressure.
When the Dollar gets weaker, Bitcoin usually gets more room to move higher.
And right now?
DXY is pumping⊠but BTC is still holding around $86K.
Thatâs actually impressive.
It means Bitcoin is showing relative strength even while the Dollar is working against it.
But thereâs one problem.
BTC is now getting very close to a strong resistance/supply area around:
$88K â $90.4K
So this is where things get interesting.
If DXY starts losing strength while BTC breaks above $90.4K, the road toward $94Kâ$96K can open.
But if DXY keeps pushing higher, BTC may struggle at this resistance and we could see another pullback first.
Right now, $88Kâ$90.4K is the battlefield.
Donât just watch Bitcoin.
Watch the Dollar too. đŒđ
#BinanceLaunchesBinanceIntelligence #DXYWatch #BTCđ„đ„đ„đ„đ„
Most people only watch the Bitcoin chart.
But thereâs another chart that matters a lot: DXY the US Dollar Index.
Think of it very simply:
When the Dollar gets stronger, crypto usually feels pressure.
When the Dollar gets weaker, Bitcoin usually gets more room to move higher.
And right now?
DXY is pumping⊠but BTC is still holding around $86K.
Thatâs actually impressive.
It means Bitcoin is showing relative strength even while the Dollar is working against it.
But thereâs one problem.
BTC is now getting very close to a strong resistance/supply area around:
$88K â $90.4K
So this is where things get interesting.
If DXY starts losing strength while BTC breaks above $90.4K, the road toward $94Kâ$96K can open.
But if DXY keeps pushing higher, BTC may struggle at this resistance and we could see another pullback first.
Right now, $88Kâ$90.4K is the battlefield.
Donât just watch Bitcoin.
Watch the Dollar too. đŒđ
#BinanceLaunchesBinanceIntelligence #DXYWatch #BTCđ„đ„đ„đ„đ„
