DXY (DOLLAR) 🇺🇸
In any case, as long as the DXY doesn't fall back below 104.500, I won't go LONG on RISK ON assets!
And as you know, I haven't been SHORT for a while because I don't like counter-trend trading. "Trend Is Your Friend."
So, given the rebound in inflation, the tight job market, geopolitical tensions, and the upcoming FOMC meeting approaching quickly, I think I'll take a break from SWING trading like at the beginning of April.
Let's not forget that for #Bitcoin, we are in the middle of a range after being rejected at its major resistance, so it's not the worst location to trade...
Again, I am talking about swing trading and not short-term trading.
