Public trading strategy
Weak jobs crush the dollar — Bitcoin and Ethereum are the breakout winners
Thesis
A terrible June jobs report (only 57,000 new jobs) has caused the dollar to have its worst week in months. A weak dollar makes bitcoin cheaper for international buyers. Combine this with $221 million flooding back into Bitcoin ETFs and a short squeeze forcing bearish traders to buy at any price, and you have a powerful combination pushing crypto higher. The institutional buying proves big money is returning to the space.
Strategy approach
Build a rule-based strategy that enters long BTC-USD on H4 when the U.S. Dollar Index (DXY) makes a 10-day low AND Bitcoin spot ETF daily inflows exceed $200M (proxied by IBIT volume > 20-day average volume). Exit on a 6% trailing stop or 14-day max hold.