Yesterday, Brother Long pointed out that the 3260-3280 range on ETH is the last support for this wave. As expected, after last night's pullback, it did not break this range. Today, let's look at the drop in the US dollar index shown in the figure below; this signal reveals many issues!
First, the US dollar, this reservoir, is attracting capital; everyone's currency has become valuable, and they are all exchanging for US dollars. This way, the US dollar will receive a large amount of capital reserves from various countries entering the US! Later on, the US dollar can play a big game!
Second, there is also a possibility that the US dollar is experiencing severe inflation, and it needs to lower the index to adjust the total amount of market circulation.
Regardless of the perspective, it should be favorable for BTC! This way, the US dollar will be better anchored to the value of BTC.
Brother Long's view in the market is to first look for a downturn, then look for an upturn. In the two months before Trump takes office, there will be a big washout and drop, and then in the two weeks before he takes office, many positive news will be released, stimulating a big rise in Bitcoin. So, during this time, it is more about protecting your own chips and not letting them be washed away in the ups and downs!
