The USDT.d index has gone out of the shock zone and directly broken through, and the US dollar has strengthened. The core reason is that the strong economic performance of the United States and the current market data are all positive, which has led to the market's expectations for interest rate cuts falling again and again. This matter is bad for all risk markets around the world, and the crypto market cannot escape it either.
Although the market at this moment is relatively extreme and desperate, I still risk being sprayed by everyone to say that if you are holding spot, please close your eyes and come back in 3 months.
Once the index breaks through here, the subsequent heavy blow to the market will be further deepened. Here, the usdt.d index reaches a horizontal pressure level and may make a correction, but given that it has broken through the triangle area, the next target area is probably the bottom of this round of adjustment, but it is still some distance away from now. It is expected that BTC will continue to break through.
Don't buy the bottom too early. BTC's rising trend line that has been trading for more than a month has also fallen below, and the market will see further retracement in the future.
In the context of BTC's four-year bull market, this decline will be an opportunity to pick up gold at the 312 level in 2020. Everyone will have enough time to find better currencies and reap a wave of profits from the bull market when BTC continues to soar after adjustments.
