Glassnode: Downside in the US Dollar Index Will Fuel a Rally in Risk Assets BTC and SP500 Until Late Summer

On May 16, Glassnode co-founder Negentropic said on X: "The US Dollar Index (DXY) took a hit yesterday after the CPI and retail sales data were released. According to EW-count, this looks like the" right shoulder "in a major head-and-shoulders pattern. More downside could fuel a rally in risk assets BTC and SP500 into late summer."