
DXY is getting quite close to confirming a break down with a high probability bearish setup. Lose 98.7 and I think there's a high likelihood we see the range low of 95.5 next and perhaps a complete breakdown to lose the 17 year trend line which sits around there. I want to stress the fact that the DXY eventually breaking down is one of if not the most important factor for me and why I think BTC and crypto will go parabolic soon after. Oil is already getting crushed. Yields are at a major point of interest to where they could also see significant drawdowns. If we're going to see higher yields, then the charts need to prove it with a strong rally here to override the bearish structure (more specifically on the US10Y). The US02Y has an accumulative bottom setup, with an overarching bearish setup, but it's at a significant resistance zone where it can reject. The US10Y and US02Y tend to move at similar times, so the US10Y can give the signal for the bearish follow through from here, the level to be convincingly lost is 4.2% to start, and 3.9% for a confirmed breakdown. We'll get the answer soon. Ideally I would want BTC to swing to the mid-range of 71.5K otherwise more shakeouts are coming (something like drawn or worse, if 71.5k is not met first). If 71.5K is met first, I think it is under appreciated how likely it is for the low to be in.
