#MEGA 💎

Can it back ? 👀

Dollar Index DXY

In a previous article, we mentioned that a potential reverse head and shoulders pattern was forming as DXY continued its long sideways movement within the channel, and that a strong upward reaction could occur if it broke through the upper channel.

Subsequently, the pattern was indeed completed and a successful breakthrough occurred. Currently, there is a move to reconfirm the breakout zone.

The market is also interpreting the recent FOMC meeting somewhat hawkishly, with a bias towards a stronger dollar.

As the previously presented scenario of a stronger dollar is becoming a reality, it seems necessary to continue monitoring whether the upcoming breakthrough will lead to a sustained upward trend.

It's also important to keep in mind that a stronger dollar could put pressure on emerging markets and risk assets in general.

🥳 As always, he's buying today too

#BTC

$BTC

Looking at historical data, July has generally been a green month for Bitcoin, averaging around 7–8% returns.

If history repeats itself, there may still be room for upside in the weeks ahead, while August has often been a weaker month for price action.

For now , bears are still in control. #BTC needs to break above 72,000 next month to be able to make a comeback.

🚨 Iran: "There has been meaningful progress in the implementation of the agreement with the United States during the Swiss negotiations."

#ETH 1H is breaking out 🔥