$BTC
$ETH
$BNB
The market has broken. If you are still waiting for $BTC to soar just because the dollar index (DXY) has hit new lows, I have bad news for you. Old rules from trading textbooks have temporarily stopped working.
Why is 'digital gold' silent?
1. Microsoft factor and 'flight to cash'
Yesterday's 10% drop in Microsoft shares dealt a blow to the entire high-tech sector. When such giants fall, institutional funds do not buy crypto—they sell everything to cover losses in the stock market. This is the 'Risk-off' phase, where Bitcoin is perceived not as protection, but as ballast that is discarded first.
2. Gold vs Bitcoin
Look at the charts. The dollar is depreciating, but this capital is going into real gold, not digital. Investors are scared by geopolitics and Nasdaq reports. Until trust in Big Tech is restored, $BTC will be a hostage to this correlation.
3. The illusion of a cheap dollar
The dollar index is falling not due to good circumstances, but because of uncertainty. In such moments, liquidity is drained from risky assets. We see an anomaly: the dollar is weakening, but crypto is not rising because the purchasing power of the market itself is falling.
Conclusion: Don't look for logic where institutional fear reigns. Right now, the market is not about charts, but about charts, and about the macroeconomics of the USA. Bitcoin is squeezed in a vice between $81,000 and $84,000. Real movement will only begin when capital returns to the technology sector.
Meanwhile, keep an eye on the anomalies in incubation projects where liquidity is still alive. It's more interesting there than in the tops.
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