Dollar Strength Index In Correlation To BTC & Stocks

Dollar strength index

There have been significant weakness in the dollar recently, and this was as a result of the CPI coming in lower than expected. This is an encouraging indication that the Fed can potentially begin to bring down rates quicker than expected. As you already know, the Dollar has an inverse correlation with BTC and the Stock market, which makes a case for a relief pump more probable. By looking at the chart, the dollar looks set to lose its parabolic trajectory. However, this is a little from what I feel and my opinion. The level I am watching is the red zone, which, if lost, will be a significant market structure change which, in turn, could signal a rally for stocks and BTC