Expecting 4h dip to be Short-Lived

2023年7月10日

Bitcoin and DXY tend to do the opposite of each other, even if they do the same thing on lower time-frames, they eventually catch up and move in a negatively correlated manner.

Bitcoin has dipped after tapping 31k. I believe the dip will be short-lived and we should see DXY continue down into lower 101s while Bitcoin continues up into the 32k area.

DXY 4h chart:

2023年7月11日

註釋

DXY hit my TP 1 overnight, still expecting Bitcoin to follow (in the opposite direction) soon:

2023年7月11日

註釋

DXY hitting TP from above, in the perspective with Bitcoin:

2023年7月12日

註釋

DXY reached my 1st target and has moved down towards TP 2, still expecting Bitcoin to follow (in the opposite direction)

2023年7月14日

交易進行

Closed the daily above our highs as DXY moved down below 100, so far a successful re-test of those highs - expect we continue up to targets