🌹 The U.S. dollar index finally fell below 100, officially confirming that it has entered the correction stage + the 15th lecture 👇 of the teaching diagram of entanglement

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🌹 The chart below highlights several key USD cycle nodes since 2015:
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November 2016 to January 2018
March 2020 to October 2022
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These two periods of dollar depreciation coincide with the bull market of BTC. But this time is different, although the dollar has entered a downward channel, BTC has not been able to get out of the strong performance of the past, which is the most puzzling place at the moment.
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🌹 In the past, the main driver of the depreciation of the dollar was the "release of water" - a sharp increase in the money supply, but in this round of correction, the Fed did not expand its balance sheet significantly, and the supply side of the dollar failed to form that strong stimulus. Therefore, this round of depreciation may stem from other macro factors, which also directly affects the linkage logic of BTC.
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At the end of the day, the macro situation in this round is more complicated than in the past, and it may be that every time we are in it, we find it particularly complicated. Only this time, we felt the "difference" more deeply.

#aergo #sol #pi #eth #btc