This week, the US Dollar Index fell for the fourth consecutive week, reaching a three-year low of 99.4, with a year-to-date decline of over 8%. The weakness of the US dollar, combined with inflation and trade policy uncertainty, has sparked market risk aversion, accelerating fund flows into gold and non-US currencies. Gold surged 2.76% this week, reaching a historic high of $3,357.68 per ounce. US stocks were simultaneously under pressure, with the Dow Jones and Nasdaq falling over 2.6% for the week. The Federal Reserve's stance of "no bailout" further intensified market tension. Under the dual pressure of the US dollar and stock markets, the potential of crypto assets as an alternative hedging tool has once again drawn attention.
Bitunix analysts suggest that if gold continues to strengthen and the US Dollar Index remains weak, mainstream cryptocurrencies may see an opportunity for capital inflows. BTC's short-term key range is between the $83K support and $86K resistance. If successfully breached, it may challenge the $90K round number and initiate a new upward trend.
