What I'm watching... 👀

A strong negative divergence is forming on the $DXY daily chart.

After it's recent (impressive) surge, a US dollar breakdown is IMMINENT... and likely to be triggered by the (dovish) words of Jerome Powell and the (dovish) actions of the FOMC later today.

Why it matters:

A breakdown of the US dollar is NET POSITIVE for risk assets, emerging markets and--you guessed it--#bitcoin.

I wouldn't be surprised if #bitcoin pushes towards $100k by the end of 2024, given the current macroeconomic setup.

Not a bold prediction, just a guess. Let's watch. 🍿