As the US Dollar Index (DXY) shows signs of recovery, trading around 98.9 and approaching the 100-day MA, Bitcoin faces potential downward pressure. Historically, when the dollar strengthens, Bitcoin tends to fall, and currently, BTC is consolidating around $112,000 between key moving averages. If DXY rises to the 100-101 resistance zone, Bitcoin could pull back to the $106,000 support level. Conversely, a DXY pullback may provide upward space for Bitcoin.

BTC3.13%
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