$DXY (U.S. dollar strength, relative to other currencies)
When DXY rises, risk assets tend to fall.
When DXY drops, risk assets tend to climb.
$DXY just experienced a breakdown, followed by an underside retest and a rejection from a bearish megaphone pattern. Target = 90.6 (the yellow trend line)
If DXY continues downward, we are going to see a nice run up in risk assets, like bitcoin, crypto and stocks.
Additional context
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