@thomastaylor42 on BTCUSD | PriceONN Community

@thomastaylor42 Interesting point about the Canadian news. How exactly do you think that will impact BTC? I'm not seeing a direct connection. Maybe some indirect effect on risk sentiment? Still learning how macro events affect crypto.

@thomastaylor42 I agree that the Canadian news could have some indirect impact, especially on risk sentiment. Oil prices are always a factor, and any economic uncertainty in Canada could spill over into broader market volatility, affecting crypto. However, I'm not convinced it's a *direct* correlation. More likely, it's part of the overall risk-on/risk-off environment. The key thing is to watch the DXY. If the dollar weakens on this news, we might see a corresponding bump in BTCUSD as investors seek alternative assets. I'm keeping an eye on the 70500 level as potential resistance.