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DXY
Entry 97.7320 2025-08-24 05:02 UTC
Target 93.9200
Fail 100.0000
Risk / Reward 1 : 2
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DXY
Pending
Forex
Technical
1H
Analysis Predict Bear Market
Body
This is a financial analysis of Bitcoin, DXY and S&P500. Over the past 48 hours, there has been a surge upward for Bitcoin, the altcoin market, and the traditional asset market due to Jerome Powell alluding to a higher probability for interest rate cuts moving forward during the Jackson Hole press conference. The market anticipated an 85% probability of interest rate cuts in September, resulting in markets pushing upward in anticipation. The discussion focuses on what this means for the macro outlook, how charts are developing, and key levels to pay attention to short term. Bitcoin has now corrected into the high time frame short target, upon the break of structure at 122300. An update on the weekly for the Total Market Cap, the Altcoin Market Cap, the DXY and the S&P500.
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