Weekly, Daily, Hourly basic ICT analysis.
Weekly (Monday - Monday) Gann Boxes with 10k halves.
-Long bias would be to find support off of the minor geometry in the Gann Box, which it is currently just above. Not the best levels to manage risk from for a buy position; in my opinion.
-Short bias for this market would have price move back to the major 45º Gann Box angle and likely dropping to the lower box and its respective 45º angle; making this a great entry on the short and managed risk above the recent highs.
Correlation with DXY.
- I would consider the dxy "over extended" at this point to the down-side and if its to continue lower would likely LAUNCH bitcoin and other markets much higher.
-Economically speaking, the USA still wants presence/respect globally, especially with "hot and cold wars" going on; it makes a lot of sense to see a bit of a flex across all markets.
-You can always argue from a "conspiracy theorists perspective" that bitcoin itself was created to eventually pump money into selling the USD, thus driving its value up, from the typical perspective of how markets move.