KEM Trading

#ADAUST is showing a new upward trend after completing an ascending triangle pattern. Opportunity for investors to inject new positions.

A perspective on the current market situation.
Why is the general market rising?
The fact that the DXY (US Dollar Index) has surpassed the peak of 109 has created a strong effect. When the DXY rises, the USD strengthens against other currencies, causing capital to flow from around the world into the US. This particularly attracts large investment funds, and the channel is a choice after stocks, US government bonds.

Currently, the Crypto market is also experiencing a short-term increase until the DXY shows signs of weakening again. I have closed my short positions to buy and hold Spot positions.
Combining macro factors into trading will help you better identify market trends.
If you do not have support, please contact me.

#BTC continues the sideways down trend, however, when it reaches the support zone around 94k-95k, it is creating a balance zone. During the process of #BTC moving sideways and accumulating in a narrow range as it is now, investors should limit placing new Long or Short orders when the trend is not clear.

BTC has confirmed the breakdown of the ascending wedge pattern. One of the patterns that, upon confirmation of a breakdown, tends to adjust quite deeply afterward.
In the upcoming period, the market will likely trend sideways down.

Providing additional perspective for everyone to consider.