$DXY Weekly Support Levels
The Dollar has been on a rampage, with 
DXY up +12%, give or take, since this same time last year.
If we are to continue higher, which macro-wise looks like the likely scenario, I would like to see the 102 level hold here. With such a steep runup, however, I stronger pullback seems needed.
IMO, a drop below 102 > 100 could also see Bitcoin see its relief rally to the mid-30s, before seeing a bounce on DXY once more, and Bitcoin heading back down lower.
DXY up +12%, give or take, since this same time last year.If we are to continue higher, which macro-wise looks like the likely scenario, I would like to see the 102 level hold here. With such a steep runup, however, I stronger pullback seems needed.
IMO, a drop below 102 > 100 could also see Bitcoin see its relief rally to the mid-30s, before seeing a bounce on DXY once more, and Bitcoin heading back down lower.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.