According to Cas Abbé, the DXY chart's rejection from trendline resistance and its approach towards the Q4 bottom could signal a bullish momentum for cryptocurrencies. If the DXY continues to drop, it is expected that BTC and altcoins will gain momentum, as per the analysis shared on Twitter.

According to Trader Tardigrade, Bitcoin is experiencing tight consolidation on its daily chart, suggesting that significant price movements could occur soon. The current trendline resistance is noted at $113K, indicating a potential upward target if the resistance is broken.