The start of the week brings the publication of the vital ZEW Economic Sentiment Index for Germany and the Eurozone. The forecast points to a decline, reflecting a growing pessimism about the health of the main European economy.
A low ZEW weakens the Euro (€) and immediately boosts the DXY (Dollar Index), injecting selling pressure on the BTC/USD pair. If the DXY spikes, we are likely to see a general correction in Altcoins.
Watch the key support for $BTC. It is crucial to use Stop Loss orders and avoid trading without confirmation. Maximum caution at the opening! (598 characters)
