Trading legend macroeconomist Henrik Zeberg emphasized that the dollar index has a critical value for the cryptocurrency market.
Founder of on-chain analysis platform Glassnode Yann Allemann Social media dated January 22 in your post, Henrik Zeberg He included Bitcoin analysis. The legendary name Zeberg, dollar index (DXY) In particular, it is possible that the local peak may have come and after this point, there will be serious pressure for the cryptocurrency market. increases may be seen noted.
He stated that in periods when the dollar index rises, there is a downward trend in risk products such as cryptocurrencies, and that the decline in the dollar index will have a positive impact on cryptocurrencies. On the other hand, the dollar index It has completed its upward leg in 2024 Expressing Zeberg, in the next period The decline expectation for the dollar index put forward.
Experienced analyst, with the decline in the dollar index The upward boom in the cryptocurrency market He stated that he could ignite the fuse:
DXY peak was in October 2023. The first leg continued until the end of December 2023. In 2024, DXY started to rise. We believe this is a wave 2 bounce and it is COMPLETE! There could be a lot of DXY decline now. Therefore, risk assets need to increase. We believe this will be the driving force in the boom in the cryptocurrency market.