Dollar index reached target zone. From here we have a situation where both scenarios have 50% chances to happen. So I won't push any of them as the main one.
๐ธBounce from that zone (which alone may take 2-3 weeks) will push #DollarIndex back to 2022 close where it will either breakout or pull back again as shown by the original drawing. During consolidation BTC can still grow, but during the bounce it will go into correction.
๐ธBreak through that support will result in #DXY dump towards 99.7 and maybe 98.3 - whatever will be the reasons for that #USD weakness it will be very bullish for risk assets.