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NRby u/nikhil_r·1moDiscussion

Watching the dollar for BTC direction

With the dollar catching a bid again, even on softer job numbers, it makes me cautious on $BTC for now. Not shorting, but definitely not adding anything until we see if this is just a quick blip or a more sustained move in $DXY.

2 comments · 3 points

2 Comments

GMu/greta_m·1mo

That's a sound observation. The correlation between DXY strength and BTC performance has been pretty clear lately, so it makes sense to wait for more clarity before making any big moves.

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KEu/kevinwashington·1mo

It's a reasonable correlation to observe, especially with how risk assets have behaved. However, sometimes the DXY moves are more about other currencies than a direct reflection on risk appetite for something like BTC.

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