Dollar Strength Weighing on Crypto
DXY closing above 100-week MA for first time since Feb 2025 – historically a headwind for crypto. Watching SOL, AVAX, LINK here.
Dollar Strength Weighing on Crypto
I'm watching the US Dollar Index (DXY) set to close above its 100-week moving average for the first time since February 2025. Historically, when the dollar strengthens, risk assets like crypto tend to come under pressure. It makes me wonder if we're in for a broader pullback across the board.
Specifically, I'm keeping an eye on SOL, AVAX, and LINK here. Any bounce towards resistance could be a selling opportunity if this dollar strength persists. Let's see how the weekly close shapes up. 🤔

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