A large pocket of Bitcoin supply is sitting just above the current market, and technical analysis shows that this area may decide the next major Bitcoin move.
The US Dollar Index (DXY) is breaking out toward 101 after forming a double bottom on the daily chart. Historically, that move would have weighed on Bitcoin (BTC) price.
Ethereum is consolidating between $2,200 and $2,400 as the market searches for the catalyst or the structural confirmation that forces a decisive break in either direction.