1. BTC weekly chart
Note: After entering the weekly supply zone, the situation of Yin enveloping Yang appeared. I think this situation is not good, it is likely to mean the interruption of the rising market and the beginning of a downward trend.
2. USD stop loss DXY
Note: After a sharp pullback, the US dollar index has formed a short-term bottom at around 101. At the current weekly level, it looks like a double bottom pattern, and last week's weekly line closed with an inverted hammer pattern. You can try to be bullish on DXY.
Looking back at the past three years of BTC's market, the negative correlation with DXY has become increasingly higher.
3. SPX, NQ1 and other US stock market targets AAPL
Note: The weekly level is still under the pressure of the trend line and has not broken through. And the 1H level has already appeared a head and shoulders top pattern, as shown below:
Let’s see if AAPL can hold the neckline here tonight.
that's all:
Under the premise that the big cake showed a positive swallowing negative at the weekly level, the US dollar index DXY had a double bottom, and the US stock representative did not break through the weekly resistance.
The rising trend may not continue in May and June.
Will it prove the saying: Five is poor, six is desperate, and seven is dead? ?
