warning ⚠️
possible dip head
sorry i haven't been posting for a couple days I've been off the market just spectating
to keep it short, US dollar index have been within a bullish flag for a while and yesterday was the first attempt to breakout of it but it wasn't successful so it had to dip a bit to the bottom of the flag for support, it has been following my analysis for a couple days so i decided to share them, a possible reverse would definitely push the crypto market down for a while
now about $BTC , its facing both the resistance line of 59k and Dollar Index's possible reversal, if the reversal isn't stopped, another dip to Crypto is inevitable, $BTC would drop to 56k for a test, if it breaks out its on the way back to 70k, if it breaks down 52k is the next stop
this would mean a rebound reversals, Dollar Index pumps and crypto drops.
as far as Dollar index goes, BTC drops as much
on 56k, $ENA should be around 0.735
on 52k (hopefully it doesn't get there), ENA should dip lower to 0.660-0.690
for now, hold it dont buy anthing, so far its a false breakout (volume isnt high or ultra high)
not forgetting that BTC lost its monthly streak after 6 rising months, halving effect might not be over yet
if BTC breaks down under 59k, 56k is probably the next stop
if my analysis prove to be right I'll post detailed predictions for other coins too
goodluck everyone