Bitcoin traders should pay close attention to the U.S. Dollar Index (DXY), which recently formed a “death cross.” This technical pattern occurs when the 50-day moving average falls below the 200-day moving average, signaling potential long-term weakness in the dollar. Historically, a declining dollar can support Bitcoin and other cryptocurrencies as investors look for alternative assets. However, sudden rebounds in the dollar often create unexpected volatility across crypto markets. For Bitcoin bulls expecting sustained rallies, it’s essential to monitor the DXY’s behavior carefully. Caution and disciplined risk management are recommended while navigating these uncertain technical signals and broader macroeconomic trends.

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