DXY Below 100! Bull Run Ready?
DXY (US Dollar Index) Alert! đ¨
DXY has slipped below the psychological level of 100 for the first time, today a decline of 0.29% was observed. What does this mean for a trader?
đĄ Simple Logic: DXY niche = Dollar weak.
When the dollar is weak, people invest their money in assets like Bitcoin and Gold.
What to watch?
If DXY sustains below 100, we might see a new breakout in Bitcoin.
The market is regaining a "Risk-On" sentiment.
What is your plan? Long or Short? Let me know in the comments below! đ