The Dollar is starting to show the first sign of weakness from the bulls with today's 1D Long Wick Candle getting rejected strongly from 114.38 but to watch the candle close!
The next level of support will be at 110 in confluence with the 61.8% fibo.
The MACD is under resistance, the RSI is overbought, and the OBV is in bearish divergence.
The DXY I think is breathing after the big rally, but the trend may continue afterwards, to follow the price action on the next support levels to confirm a bearish reversal or a rebound and then continue the bull run.
The question: Will we get a rebound on the S&P 500 and BTC?
Everything is possible, and especially with the fall in oil which will help inflation to fall so that the fed is less aggressive.
Conclusion: I closed my short BTC/BUSD and ATOM/USDT waiting for the reaction of the price on the next resistances, I think we will have a short squeeze soon! Personally I have DCA on the 18K to 19K and I have reinforced my positions on OSMO, STARS, EVMOS and BSW of Biswap, now I remain patient and I wait the next meeting of FED on Friday 30/09 to see their vision on the future.
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