Welcome to another edition of the 9jacashflow Market Outlook, where we break down key trends in Gold, the Dollar Index (DXY), and the crypto markets.
Gold Still Bullish
Gold remains in a strong uptrend and continues to push toward our projected target zone of $3,400 – $3,500 per ounce. With global economic uncertainty and persistent inflation, gold continues to serve as a solid hedge for investors.
Dollar Index (DXY) in a Downtrend
On the flip side, the Dollar Index (DXY) is still trending lower, currently sitting at 99.7. Our outlook suggests that DXY could drop further to around 96, which we believe might mark the bottom of this cycle. A reversal around this level could shift the dynamics across other markets.
Bitcoin and Crypto Outlook
Given the close correlation between DXY and Bitcoin, we’re still cautious about crypto. A further drop in DXY could lead to further bearish momentum in Bitcoin, leading to a potential 30% dip in BTC and possibly up to 50% in altcoins.
This would push many altcoins into strong accumulation zones, presenting potential buying opportunities for long-term holders. Altcoins like Ethereum and Avalanche.
However, this scenario hinges on two major conditions:
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DXY bottoming soon.
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Continued correlation between DXY and the crypto market.
If either of these dynamics changes, the market could behave differently. We’ll continue to monitor and update you as events unfold.
9jacashflow’s Current Market Positions
Here’s how we’re positioning our portfolio in the short term:
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Short: Bitcoin (BTC) and Ripple (XRP)
Bitcoin(BTCUSD) Tradingview Chart 
Ripple(XRPUSD) Tradingview Chart -
Tried Shorting: Tron (TRX), but it’s proving quite unpredictable. Justin Sun’s influence seems strong, and both TRX and BNB have shown remarkable resilience from their all-time highs.
Tron(TRXUSD) Tradingview Chart -
Long: Gold, GBPUSD, and EURUSD
Pounds(GBPUSD) Tradingview Chart 
Euro(EURUSD) Tradingview Chart
As always, we stay flexible and will update our stance if market sentiment changes.
What’s Your Take? Do you agree with our market outlook?
Drop your thoughts in the comments below – we’d love to hear from you!
We were right with our April 7th to 11th market outlook, where we entered a long position on Gold and Pounds, then a short position on Ripple.
Stay smart, stay informed.
– Team 9jacashflow
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