Observing the technical performance of DXY on the daily chart, the current strength or weakness of the dollar has a profound impact on the overall performance of the crypto market. An appreciating dollar often puts pressure on risk assets ( including mainstream cryptocurrencies like Bitcoin and Ethereum ); conversely, a weakening dollar usually provides support for crypto assets.
From the chart, key support levels, resistance levels, and trendline directions of DXY are worth close monitoring. Changes in these macroeconomic indicators can serve as important references for judging the short-term direction of the crypto market—especially around major economic events such as Federal Reserve policy expectations and inflation data.
To seize trading opportunities in the crypto market, it’s helpful to start by analyzing the performance of major assets like the dollar and gold to build a more comprehensive market perspective.
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PanicSeller69
· 01-13 00:55
A strong dollar means weak coins; this logic is very clear. The key still depends on how the Federal Reserve plays it.
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NFTArchaeologist
· 01-12 21:19
When the US dollar is strong, coins are weak—that logic isn't wrong... but the problem is that DXY can't break through key levels every time. Is this real or fake?
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¯\_(ツ)_/¯
· 01-11 09:53
When the US dollar drops, cryptocurrencies gain momentum. It's that simple.
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BitcoinDaddy
· 01-11 09:53
The dollar has fallen again. Is it time for BTC to take off now?
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LiquidationSurvivor
· 01-11 09:51
When the dollar falls, I go to sleep; when the dollar rises, I cry.
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LeekCutter
· 01-11 09:39
When the dollar is strong, it falls; when the dollar is weak, it rises. I’ve understood this logic for a long time. The key is, when will you tell me how DXY will move next?
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SandwichDetector
· 01-11 09:38
Whenever the dollar drops, I have work to do. This round of the market still depends on the Federal Reserve's stance.
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GateUser-e19e9c10
· 01-11 09:27
The strength of the US dollar really suppresses BTC. Recently, it feels like everyone is watching the Fed's moves.
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GasWastingMaximalist
· 01-11 09:26
A strong US dollar is a nightmare for BTC; this wave is a bit tough.
U.S. Dollar Index (DXY) Daily Chart Analysis
Observing the technical performance of DXY on the daily chart, the current strength or weakness of the dollar has a profound impact on the overall performance of the crypto market. An appreciating dollar often puts pressure on risk assets ( including mainstream cryptocurrencies like Bitcoin and Ethereum ); conversely, a weakening dollar usually provides support for crypto assets.
From the chart, key support levels, resistance levels, and trendline directions of DXY are worth close monitoring. Changes in these macroeconomic indicators can serve as important references for judging the short-term direction of the crypto market—especially around major economic events such as Federal Reserve policy expectations and inflation data.
To seize trading opportunities in the crypto market, it’s helpful to start by analyzing the performance of major assets like the dollar and gold to build a more comprehensive market perspective.