#Dollar Index collapsing towards and possibly through support of the long held parallel channel since 2009.
#DXY weakness is reflecting the outlook for lower US interest rates probably from the September #FOMC meeting. #Crypto #BTC are beneficiaries for now but if economy weakens too much then lower rates may not save the day. Remember, a $BTC selloff could spark another severe correction if #Strategy was to become 'unstuck' with their leveraged #BTC holdings
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#Dollar Index collapsing towards and possibly through support of the long held parallel channel since 2009.
#DXY weakness is reflecting the outlook for lower US interest rates probably from the September #FOMC meeting.
#Crypto #BTC are beneficiaries for now but if economy weakens too much then lower rates may not save the day.
Remember, a $BTC selloff could spark another severe correction if #Strategy was to become 'unstuck' with their leveraged #BTC holdings