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DXY
Short Entry 97.7700 2025-09-08 03:22 UTC
Target 95.5300 Fail 99.0000
Risk/Reward 1 : 2
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DXY
Pending
Forex
Technical
1H
Analysis Predict Range Market
The analysis focuses on Bitcoin and the DXY, assessing potential future movements. Bitcoin is currently in a range-bound state, with a micro resistance area identified between 111380 and 112730. A breakdown scenario is considered if Bitcoin breaks below 108557, forming a one-two setup. A more bullish scenario is that Bitcoin experiences a pullback and is then followed by a rally. For the DXY, a major low is anticipated and possibly new high within the next weeks, it's approaching a trend channel, lower boundary line of a decade-long price channel and Fibonacci support, with potential for a multi-year rally. Emphasis is placed on how DXY lows have historically correlated with Bitcoin tops.
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