50EMA should provide support
Every cryptocurrency trader is aware that the DXY market and the cryptocurrency market are inseparable. This chart has repeatedly accepted the 50EMA as support while following a trend line for quite some time. If the market somehow crosses the 50EMA and descends, past chart analysis indicates that we will definitely see a significant amount of dump. We regard Bitcoin as a rocket because cryptocurrencies operate in the opposite direction. Given the current circumstances, I must decide whether the 50EMA should provide support for the DXY market. If the support breaks, there will be a lot of pump in Bitcoin; otherwise, the downtrend will continue.
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