Dollar index reached target at 93 and even went a little lower to 92.47. Now rejected from previous channel bottom trendline and pulling back to 92.75 support. The rest will depend if it will bounce from that zone or continue retracement to 92.5-92.3. In any case current DXY state help other currencies (including crypto) be bullish.

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Dollar got rejected from 92 resistance. If fall below 91.365 will drop to 90.6-91. That is the reason behind BTC and alts pump 😉

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Global market review.

Dollar Index growing to re-test 106.57 (December 2002 open) and up to 107.31 (Dec'02 high). If break above next will be 109.77 (Sep'02 high). Obviously while DXY is growing its hard for the other assets to compete. Especially risky like crypto. So hold your shorts till it get to the nearest SR zone at least.

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Dollar Index bouncing from 106.57 SR and potentially target 107.31 - all these levels were targets in previous DXY review and as you can see now acted as SR in past price action.

If DXY get rejected there, that will be the bottom for the dips. If breakout - probably correction for BTC/ETH will start.

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DXY doing roller coaster dumps and pumps today. Very unclear what will be the direction for crypto within nearest hours.

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