#US DOLLAR ANALYSIS
The US dollar has recently broken down from a symmetrical triangle pattern with significant volume, indicating potential bearish momentum.
It is currently undergoing a retest of the broken support level, and a successful retest would confirm the onset of a bearish trend. However, if the retest fails, the dollar may enter a phase of further consolidation within the triangle.
Notably, this development could be positive for the crypto market, as the US dollar and cryptocurrencies often exhibit an inverse relationship.