The U.S. Dollar Index $DXY is breaking out today.
With this move, which I expected to get rejected, I think the objective target would be the 200-day moving average cloud.
We haven't retested the cloud since March 5, 2025.
Mean reversion time.

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Another case of "address poisoning," causing one user to lose $50 million. Photo: Techradar
The attack caused a shock.
A cryptocurrency user lost nearly $50 million USDT after mistakenly transferring the funds to...

Another case of "address poisoning," causing one user to lose $50 million.

Today we saw gold, silver, and palladium all hit new highs! Since the correction at the end of October, gold has been trading above the 25-35 day moving average; silver is rising along the four-hour moving average; and palladium is rising along the three-day moving average.
Synchronization: This "synchronized new highs" usually signifies the start of a major trend. Gold provides "stability," silver provides "elasticity," while the addition of palladium indicates a dual surge in industrial and investment demand.
In this clear upward trend, trading volume has not weakened significantly and no bearish structure has emerged. Don't try to short the short at the top; otherwise, you'll end up with...

Market Analysis | Gold, Silver, and Palladium Hit New Highs! How High Can They Go!?

A quick overview of institutional and trader opinions on the market outlook.

Is Bitcoin about to choose a direction?

At face value, you might think this is bearish for risk assets.
I'm not convinced.
In fact, last October, I told investors that yields and the dollar don't matter anymore... and they haven't!
Just look at today's price action with the DXY strength...
Hint: it's not bearish.

Think about it...
ETHBTC is up +4.6% today while the dollar is up.
The Nasdaq-100 is making new ATHs while the dollar is up.
ARKW is making new cycle highs while the dollar is up.
So far (and this may change), the dollar's strength is not putting pressure on risk assets.