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DXY (DOLLAR) 🇺🇸 This is the main culprit behind this pause/mini correction. The Dollar is in the process of reintegration before today's US session... This is the worst possible scenario because we are under resistance on #Bitcoin! Additionally, inflation is rebounding and the probabilities of a rate hike on June 12 have increased to 1.6%, whereas they had been at 0% for a while. I don't believe at all in a rate hike, but on the other hand, J. Powell will surely give a very strong speech, so the market must be anticipating it. At the same time, it's normal because to reduce inflation, the economy needs to slow down, and right now the indices are hitting their highest ATH! In short, I am no longer LONG in SWING for the moment. #BTC

DXY (DOLLAR) 🇺🇸

This is the main culprit behind this pause/mini correction.

The Dollar is in the process of reintegration before today's US session...

This is the worst possible scenario because we are under resistance on #Bitcoin!

Additionally, inflation is rebounding and the probabilities of a rate hike on June 12 have increased to 1.6%, whereas they had been at 0% for a while.

I don't believe at all in a rate hike, but on the other hand, J. Powell will surely give a very strong speech, so the market must be anticipating it.

At the same time, it's normal because to reduce inflation, the economy needs to slow down, and right now the indices are hitting their highest ATH!

In short, I am no longer LONG in SWING for the moment.

#BTC

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