$DXY One of the most important charts for global risk.

Right now, it’s at a key inflection point.
We’re trading just below the monthly S/R → acting as resistance,
while finding support at the multi-year channel lows.
Compression building here.
As a bull, you want to see this:
• Rejection from the red zone
• Loss of channel support over time
That opens the door for a risk-on environment
(liquidity expansion/printer dynamics)
But if we break back above and reclaim the red zone as support:
That’s a problem.
Tighter liquidity conditions → pressure on risk assets →
harder environment for upside.
(Especially for #crypto and #BTC that relies on rotation from bigger traditional markets)
This is one of those charts that dictates everything.