Everyone on CT lately is talking about $dxy getting pwned and its correlation with $btc, so let's see
Starting with the macro.

(in Yellow: 0-$DXY)

Both $btc bear markets of 2014 & 2018 happened during strong, increasing & trending $dxy.
$btc 2017 parabolic advance happened when $dxy got pwned
Since March 12th corona crash, $dxy is getting pwned.
==> Meaning $btc bull market ?
Since Corona crash, correlation seems to increase on the daily.
Meaning what ?
$dxy getting pwned, so people search others assets ($btc ?) to park their capital

Is this the "Bitcoin is a hedge against the dollar" narrative ?
On the 4hr, we can't deny that (0- $dxy) & $btc are strongly correlated for the past months.

Meaning that a dollar crashing is hella bullish for $btc
Oké, now what ?

Pray for $dxy to continue to dump for a $btc continuation.

Any $dxy bounce would probably send $btc to retest lower ?
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