The strong dollar continues to exert its influence! It continues to drain market liquidity! The dollar index has risen to $103, hitting a 19-month high, while the 10-year US Treasury yield is around 5.00%. Gold has fallen below $3900, and silver has fallen below $50. Safe-haven assets are no longer safe havens. The combination of a rising dollar, high US Treasury yields, and falling gold prices illustrates one thing: the market is not trading for safe havens, but rather for the Fed not to intervene. Where is the bottom for gold and BTC?