"Bitcoin is taking a bull breather at the $90,000 resistance level... raising the risk of financial tightening that often weighs on risk assets."
"It's completely normal for such a pause to occur after a staggering $20,000 price surge in just a week... traders in the options market are positioning for a breakout to $110,000-$120,000."
"Traded levels of volatility are rising notably as the market is actively positioning or hedging in expectation of a stronger dollar... not to fight this emerging trend."
"Persistent dollar strength, however, could restore the historical negative correlation between the two and at least slow down BTC's ascent, if not halt it altogether."
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