🦉 Altcoins Expected To Outperform Bitcoin

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

DEGEN PLAYS
GAINERS & NEWBIES 👀

MAC’S VEVE & NFT
GALACTUS DIORAMA 🏢

DK’S CHART OF THE DAY
DXY: USD INDEX 1 DAY 🔬

Why the DXY Matters for Asset Prices

The DXY is critical because many global assets, including cryptocurrencies, commodities, and equities, are priced in U.S. dollars. When the dollar strengthens (a rising DXY), it generally means that assets priced in dollars become more expensive for foreign buyers, potentially leading to a decrease in demand and a subsequent decline in prices. Conversely, when the dollar weakens (a falling DXY), dollar-denominated assets become more affordable for international investors, which can support price increases in these assets.

For example, when the DXY is trending higher, it often puts downward pressure on risk assets like Bitcoin, as capital moves toward the safety of the dollar. On the other hand, when the DXY weakens, it can provide a tailwind for risk assets, as investors seek higher returns outside of the dollar.

Key Levels and Technicals for the DXY

The DXY has been experiencing notable price movements recently, and key levels to watch are:

The Fibonacci Golden pocket coming in roughly where price is now between $108-$109, A rejection from this key level would be great for Risk on assets, if we do get through the $109 level, we are looking at the next Major Fibonacci level being the .786 coming in around $111. We are looking for a rejection at one of these 2 key levels and to see price go lower and back into the trading range we saw the DXY enter back in November of 2022 and traded in until breaking out to the upside back in Nov-Early December 2024, Getting back down into this trading range will be great for risk on assets and will be the catalyst for the remaining portion of the macro cycle for the stock market, and Crypto.

Understanding the DXY's movements is essential for predicting trends in the broader financial markets, as shifts in the dollar’s strength can have significant impacts on the price action of assets such as Bitcoin, gold, and stocks. Investors should keep a close eye on these key levels to gauge the potential direction of the U.S. dollar and, by extension, the assets priced in dollars.https://www.tradingview.com/x/uGRfRnRo/

Follow @DK5150 on X

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - NEVER DO THIS WITH YOUR BITCOIN 🔦

T’S HOOT’S OF ENLIGHTENMENT
NEW INFLATION DATA 💡

December CPI inflation rises to 2.9%, in-line with expectations of 2.9%.

Core CPI inflation falls to 3.2%, below expectations of 3.3%.

Headline CPI inflation is up for 3 straight months, but core inflation is falling again.

Definitely mixed situation for the Fed, but markets are rallying today on this news! 

The Consumer Price Index (CPI) measures the average change in prices over time for a basket of goods and services commonly purchased by households. It includes:

- Housing (largest component)

- Food and beverages

- Transportation (including fuel)

- Medical care

- Apparel

- Recreation

- Education and communication

- Other goods and services (e.g., personal care)

The CPI is a key indicator of inflation and is divided into two categories: Headline CPI (all items) and Core CPI (excludes food and energy due to volatility).

Want to learn more? Join us today… www.dailygainscrypto.com 

OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀

OWLGO’S LOLS
DAILY MEMES 🤣