Analysis: BTC and the US dollar strengthen simultaneously, attracting market attention; the key resistance level in the near term may be at $74,000

ChainCatcher news, according to market sources, bitcoin is currently approaching the key resistance level of $74,000, with a cumulative increase of over 10% since the outbreak of the Middle East conflict. Notably, this round of gains has occurred against the backdrop of declining risk appetite in global stock markets and a strengthening US dollar.

The US Dollar Index (DXY) has risen by more than 1% this week, reaching 99.68 on Wednesday, its highest level since November last year. Historically, bitcoin has usually shown a negative correlation with the US dollar, but since Trump won the 2024 presidential election and proposed pro-crypto policies, the two have often moved in tandem.