It’s good to wait for confirmation first if you decide to take the trade, IMO,” popular Twitter account Daan Crypto Trades argued.
However, with limited movement on Bitcoin, itself, attention was fully focused on the dollar, which continued to outdo itself as the U.S.
“The parabolic rally by DXY does not bode well for risk-on assets like stocks and Bitcoin.
Should instability enter the picture, volatility may return to haunt risk assets already at the mercy of central bank anti-inflation policy.