🙏 GOOD SIGN FOR CRYPTO 🙏

So $BTC ended September with a green candle, which is surprising after many years when most of September was red candle. So will October welcome #BTC as a green or red candle? History has proven that most of October will be a green candle for BTC. Along with that, there is a pretty good indicator for BTC that #DXY is being sold off, which will be a good sign for risky assets like crypto.

What is DXY?

This is the US dollar index. This index measures the strength of the US dollar.

In a bear market, investors hold cash, so the USD strengthens.

In a bull market, investors sell cash to buy risky assets, so the USD weakens.

DXY is at a 9-month low and is approaching a 14-month low.

Regardless, there are many positive signs to look forward to in October and the rest of the year for the crypto market.

Note: This article is a personal opinion, not investment advice. #Write2Win #hotTrends