$BTC & $USD Relationship

What the USD matters. While BTC can go up with the USD and down with the USD, the two tend to react in opposite directions. The chart attached details this inverse relationship. What matters in the intermediate term is will the USD reject at its key 200MA and overhead resistance, or will it break out. That directional move will be what determines if BTC has topped, or has one more leg to go. After some detailed analysis, it is my opinion that one leg remains, but it will be the last, and I believe that by the first of 2022 the USD starts a multi month uptrend.