Dollar Currency Index also has it's impact on traditional markets and Bitcoin. We have seen a correction, that's why BTC and other crypto demonstrated this unexpected rally. In my opinion the bull market on the DXY is not over yet.

Looking at the chart I can see that we need one more leg up in global wave 5. The target area for wave 4 has been reached, but the waves structure tells us that only wave A has been ended. Wave B has the target at the 0.61 Fibonacci retracement of wave A. After that I expect the wave C and last pump in wave 5. What is gonna happen with SP500 and Bitcoin you can guess😁

Chart 1. DXY.

Best regards, Ivan

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