All eyes on DXY - Trouble in Long Term channel and what for BTC?U.S. Dollar Currency IndexTVC:DXYOrriginal WHAT DESCENT ? WHAT YOU TALKING ABOUT ? BTW, the Arrow highlights the ONLY time that DXY has actually fallen out of channel.....it lasted 3 days bit it happened....A possible Warning ? But before you blame Trump, this weakness has been in play a Long time now.......Outside influences are in play, like BRICS and changing financial ideas Globally. The $ supremecy IS being challenged and WAR is a small part of the response. Anyway, hat Red channel is rooted Way back in the history of DXY> Here it is. Coming off the highs in 1986 and 2001, this channel was not really entered until Q2 2022 and PA has remained in it eer since, The centre lines and 1/4 lines have all been tested and proved to exist as trend lines. And we can see how PA tesyed the intersection of the descening lower trendd line of channel and the rising trend line of f the 2008 "Crash" The Vertical dashedl lines are BITCOIN ATH Dates....Note where DXY is when that happened. Lets look closer again See how PA has Struggled since 2025, descending and being held down by the internal rejection lines in that channel Also notice how PA appears to have just regained support on the lower dashed line THIS NEEDS TO HOLD At the very worst, PA should find support on the rising lower line of the 2008 Crash channel. Important dates to Note while DXY remains in this channel Worth paying attention to these dates. DXY DOES NOT WANT TO FALL OUT OF CHANNEL and these dates show us times when overhead resistace may fprce that. The Fact that PA just Got pver that current dashed line, give some hope to DXY, so long as it remains above, or it WILL be under pressure by Feb 2027 So what does all this mean for BITCOIN ? As we have already seen from the chart earlier, BITCOIN ATH are when DXY is on or near the lower trendline of channel. If DXY is Kept Low, Maybe Bitcoin can have another Run higher and the current Expectation is that this could happen. Many things point towards a Bitcoin Bear market Bottom right now, But Yes it could go lower. But thngs like Major indicators like 200 Week SMA are already met and used as supprt VWAP, that PA rarely drops below, are already being used as support also We have the Bitcoin Weekly MACD way down in oversold and turning higher We have the MVRV, unrealised Profit at a point where profits may increase as we enter an area of Strength SO, Bitcoin is READY to move...........and If DXY doe snot, Bitcoin WILL. There is NO Guarentee this will happen as Fundimentals are, shall we say, Mental but he $ is under HUGE pressure internally and External right now...... Bitcoin may be the next best thing and it has held its head up high while the madness in the Middle East rages on. BE READY