The direction of momentum is yet to be decided, with both options shown on the top chart.
DXY movement may base around , colour-coded from red-green .
(Orange = Weakest, Green = Strongest)
Bitcoin is expected to react to either movement.
An Upside break for the DXY would suggest a further test on the $31,000 / $30,000 .
A downside break for the DXY would provide momentum for BTC . A break of the resistance at ~$34,700 would bring the 0.5 & 0.618 fib levels into action.
Calls invalidated until breakout direction is confirmed.
Bitcoin is fast approaching strong resistance at ~$35,100 (0.5 Fib).
Still waiting on DXY to retest the ascending trend line and confirm its flip into resistance. After this test, BTC:USD longs are validated.
Bitcoin is performing well despite the strength shown in the DXY, calls remain invalidated until a definitive move in the DXY is shown.