Current price action in $DXY is a strong analog of that in November 2020. Funds are short, and while the direction of the trend is down, a strong rally could impact recent gains in commodities and potentially have negative impact on equities and bitcoin.
We're just getting started in this bull run.
High probability setup with the trend in Bitcoin, as price decisively breaches $50,000.
From failed moves come fast moves. USDCHF put in a H&S top (bearish reversal pattern) on the weekly chart. That breakdown failed, and has taken the form of an interlocking H&S. From Failed moves come fast moves, so I expect the velocity of this move to be higher than that of a breakout that didn't stem from a significant in duration failure pattern. FX:USDCHF