Watching the DXY for Bitcoin Direction...

The DXY is at a pivotal point here, and potentially breaking higher into a new upward trend channel.

This would be bad for Bitcoin and crypto overall as the DXY has a strong inverse relationship.

If the DXY stays in this area and drifts lower we could see a short-term crypto rally including Bitcoin and Ethereum.

If it breaks up above the 103.5 to 104 level, then we're into a crypto pullback zone.

If we continue dropping back into the downward trending channel then we're in the crypto rally a zone, and possibly even down below 100 into the crypto super pump rally zone.

Hard to say here...