Analysis: The synchronized strength of BTC with the US dollar has attracted market attention, with recent key resistance levels possibly at $74,000
By: rootdata|2026/03/05 20:43:30
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According to market news, btc-42">Bitcoin is currently approaching the key resistance level of $74,000, with a cumulative increase of over 10% since the outbreak of the conflict in the Middle East. It is noteworthy that this round of increase has occurred against the backdrop of declining risk appetite in global stock markets and a simultaneous strengthening of the dollar.
The Dollar Index (DXY) has risen over 1% this week, reaching 99.68 on Wednesday, the highest level since November of last year. Historically, Bitcoin has typically shown a negative correlation with the dollar, but since Trump won the 2024 election and proposed pro-crypto policies, both have experienced synchronized ups and downs multiple times.
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