The DXY chart looks in lower timeframe very bearish. That might cause a short squeeze.
Yesterday at powells speech he said bad things about crypto: he said that he wants to regulate the cryptomarket, but not ban it. In general that are bad news for crypto fans.
In crypto there were a hype rally of retail traders, that might think: wow regulations but no ban how cool is that. In my opinion all the retail trader will be dead by the end of tomorrow.
I think crypto whales will liquidate their positions and dxy will go up, because there is no other competitor at the moment.
That is what makes me bullish on dxy, thank you for shorting dxy.
Yesterday at powells speech he said bad things about crypto: he said that he wants to regulate the cryptomarket, but not ban it. In general that are bad news for crypto fans.
In crypto there were a hype rally of retail traders, that might think: wow regulations but no ban how cool is that. In my opinion all the retail trader will be dead by the end of tomorrow.
I think crypto whales will liquidate their positions and dxy will go up, because there is no other competitor at the moment.
That is what makes me bullish on dxy, thank you for shorting dxy.