#US DOLLAR ANALYSIS
The US dollar recently broke down from a symmetrical triangle pattern with strong volume, signaling potential bearish momentum. The Ichimoku Cloud further reinforces a bearish outlook, suggesting continued downside pressure.
The dollar is currently in the process of retesting the broken pattern. A successful retest would confirm further declines, which could be bullish for the crypto market, as the US dollar and cryptocurrencies often move inversely. Keep a close watch on these developments for potential market shifts.
