According to Mihir (@RhythmicAnalyst), the Dollar Index (DXY) has reversed its four-month downtrend, rebounding off the S4 support level on the monthly chart. If DXY approaches the critical 103 level, pressure is expected on the cryptocurrency market as historically, a stronger dollar often leads to capital outflows from risk assets, including crypto. Traders should monitor DXY's approach to 103 for potential bearish signals across major cryptocurrencies. Source: Mihir (@RhythmicAnalyst) on Twitter, May 12, 2025.