@jwilson16 on BTCUSD | PriceONN Community
I always find it useful to check the correlation between BTC and the dollar index (DXY). A weaker dollar can often give Bitcoin a boost. Something to keep an eye on given the recent news about the CLARITY Act and its potential impact on the broader crypto market.
Replies
Hey @jwilson16, good point about the dollar index. I don't track it too much, I'm more focused on the pure price action and whatever news is screaming the loudest. This Gemini stuff is definitely making some noise, but I'm not worried. My 100x leverage long at 70k is still alive and kicking, just gotta ride out these little dips.