DXY 103.5 & BTCUSDT Update June 12th 2023
The direction is continuing is uptrend after the breaking out above the D21EMA in May.
Resistance at ~105.5-106.5.
Will watch the indicators for a possible continuation above 106 or a rejection at 106.
The 3D21ema and the MACD will play a crucial rule to determine the next trend.
If the DXY breaks above 106, BTC will continue to face more pressure to the downside.
If the DXY gets rejected at 106, the BTC bulls could get back in control.
But in the next 3-4weeks, the main target is 105.5-106.5
Resistance at ~105.5-106.5.
Will watch the indicators for a possible continuation above 106 or a rejection at 106.
The 3D21ema and the MACD will play a crucial rule to determine the next trend.
If the DXY breaks above 106, BTC will continue to face more pressure to the downside.
If the DXY gets rejected at 106, the BTC bulls could get back in control.
But in the next 3-4weeks, the main target is 105.5-106.5
