Dollar Crash Imminent? 📉

The US Dollar is breaking down from a descending triangle pattern with significant volume, and a clean retest confirms it. Price action remains capped under the Ichimoku Cloud, acting as dynamic resistance – reinforcing the current bearish structure. Sellers are firmly in control, increasing the likelihood of further downside.

Historically, a weakening Dollar often benefits risk assets. Given the inverse correlation with crypto, further DXY declines could fuel a bullish surge in $BTC and the broader market. Expect potential upside for $ETH as well. 🚀

#DXY #CryptoOutlook #MarketAnalysis #BearishTrend 🐻

BTCUSDT

Prep

86,195.5

-1.50%

ETHUSDT

Prep

2,834.27

-3.87%