$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 paper will be printed. However, during certain periods, when the US dollar shows relative strength against global fiat currencies, the dollar can outperform these assets/indices in the short term, which historically has provided good long-term accumulation opportunities.

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