Technical analysis of DXY can help us to guess how other assets such as Bitcoin, gold, and other major Forex pairs might behave. Here in the DXY weekly chart, we can see the big picture; how the US dollar has moved before and that DXY is moving in an ascending channel. Currently, it seems DXY is moving upward. As a result, sell pressure on other assets such as Gold and Bitcoin has caused a downtrend move. However, this sell pressure won't be permanent as US economic data including inflation and unemployment rates indicate that DXY will not create a new high, most likely. Let's see what happens.
DXY daily chart; an inverted harmonic pattern might form. Let's see if this happens or not.