U.S. second quarter economic data surged, the U.S. dollar index rebounded, and Bitcoin is at risk of a downside
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The US dollar index is recovering. Wu said that according to Trading View, since June, the US dollar index has been recovering, and the current DXY is consolidating around 90.52. The economic data released by the US government yesterday was impressive, and it has good expectations for the second quarter economy. Data shows that Bitcoin and the US dollar have a certain negative correlation. The industry generally believes that the driving force of this round of bull market comes from the influx of funds under the flooding and the continuous depreciation of the US dollar. Therefore, when the US dollar index recovers, it is also time to pay attention to the potential risk of Bitcoin price decline. |
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