DXY & BTCUSDT Quick Update April 13 2023
DXY & BTCUSDT Quick update
The DXY is printing a temporary double bottom support at 101
However, it doesn't not yet appear to be a highly probable reversal pattern as price is below the M21ema and the M macd is still negative.
Therefore, price would need to break the D21ema first, before a reversal to 105-106 could be constructed.
Will continue to monitor this important level as it will be affecting the BTC current bullish momentum towards the 40ks
The DXY is printing a temporary double bottom support at 101
However, it doesn't not yet appear to be a highly probable reversal pattern as price is below the M21ema and the M macd is still negative.
Therefore, price would need to break the D21ema first, before a reversal to 105-106 could be constructed.
Will continue to monitor this important level as it will be affecting the BTC current bullish momentum towards the 40ks
