$BTC It goes without saying that the US dollar will underperform over a sufficiently long time frame relative to many assets or indices such as SPX, GOLD, or BTC, because more US dollar notes will be printed. However, during certain periods, when the dollar shows relative strength versus global fiat currencies, the dollar can outperform these assets/indices in the short term, which has historically provided good long-term accumulation opportunities.

Over the past few weeks, we have covered many such indices to forecast BTC underperformance relative to SPX, RUT, or DXY, which has helped us stay on the sidelines. If DXY returns to the 100 region, I believe the dollar will continue to outperform these assets over the coming months. For GOLD, the scenario plotted in the chart below could be a realistic scenario that would provide you with good accumulation opportunities, after which GOLD will move higher against the dollar in the coming years. This index currently shows a 1W bearish divergence.