US DOLLAR ANALYSIS

The US dollar has recently broken down from a symmetrical triangle pattern, indicating a bearish trend. This follows a period of consolidation within the triangle. Technical indicators like the Ichimoku cloud and the 100-day moving average are acting as resistance levels. These resistance points underscore the bearish momentum currently affecting the US dollar.

It's important to consider the inverse relationship between the US dollar and the cryptocurrency market. As the US dollar weakens, cryptocurrencies often experience upward movement, indicating potential gains for digital assets in the near future.

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