Let's talk about the US dollar index
Last week, the US dollar index rebounded, basically announcing that the trend correction of the US dollar index has ended and a new round of rebound is about to start, which will suppress the rise of the crypto market.
The rebound of the crypto market is because Ethereum is affected by the positive factors. It can be clearly seen from the weekly chart of Bitcoin that although it has risen, it has not formed a bullish trend.
The figure below, from two perspectives, roughly estimates that the probability of the US dollar index rebounding above 108 is relatively high. It is currently at 104.6, so those who want to buy the bottom can wait for the US dollar index to see above 108 or Bitcoin to form a bullish trend before ambush.
