<p>C&aacute;c qu&#7929; ph&ograve;ng h&#7897; &#273;ang &#273;&#7893; x&ocirc; v&agrave;o m&#7897;t trong nh&#7919;ng v&#7909; c&#432;&#7907;c ch&#7889;ng USD l&#7899;n nh&#7845;t trong nhi&#7873;u n&#259;m, ngay khi c&aacute;c d&#7845;u hi&#7879;u v&#297; m&ocirc; cho th&#7845;y USD c&oacute; th&#7875; s&#7855;p ph&#7909;c h&#7891;i.</p>
<p>N&#7871;u giao d&#7883;ch &#273;&ocirc;ng &#273;&uacute;c n&agrave;y v&#7905;, t&aacute;c &#273;&#7897;ng d&acirc;y chuy&#7873;n c&oacute; th&#7875; &#7843;nh h&#432;&#7903;ng &#273;&#7871;n th&#7883; tr&#432;&#7901;ng crypto nhanh h&#417;n so v&#7899;i d&#7921; &#273;o&aacute;n c&#7911;a c&aacute;c nh&agrave; &#273;&#7847;u t&#432;.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading">c&aacute;c qu&#7929; ph&ograve;ng h&#7897; &#273;&#7863;t c&#432;&#7907;c l&#7899;n v&agrave;o s&#7921; s&#7909;p &#273;&#7893; c&#7911;a USD</h2>

<p>C&aacute;c qu&#7929; ph&ograve;ng h&#7897; &#273;ang &#7891; &#7841;t b&aacute;n kh&#7889;ng &#273;&#7891;ng USD, &#273;&#7841;t &#273;&#7871;n m&#7913;c &#273;&#7897; &#273;&#7883;nh v&#7883; kh&ocirc;ng &#273;&#7891;ng &#273;&#7873;u nh&#7845;t trong hai th&#7853;p k&#7927; qua.</p>
<p>Ch&#7881; s&#7889; &#273;&#7883;nh v&#7883; cho th&#7845;y c&aacute;c qu&#7929; &#273;ang &#7903; s&acirc;u trong v&ugrave;ng &ldquo;b&aacute;n kh&#7889;ng c&#7921;c &#273;oan&rdquo;, m&#7897;t khu v&#7921;c m&agrave; tr&#432;&#7899;c &#273;&acirc;y t&#7915;ng b&aacute;o tr&#432;&#7899;c s&#7921; ph&#7909;c h&#7891;i c&#7911;a USD thay v&igrave; s&#7921; suy gi&#7843;m k&eacute;o d&agrave;i.</p>
<p>Chuy&ecirc;n gia ph&acirc;n t&iacute;ch Guilherme Tavares &#273;&atilde; nh&#7845;n m&#7841;nh s&#7921; thi&#7871;t l&#7853;p n&agrave;y, l&#432;u &yacute; r&#7857;ng giao d&#7883;ch &#273;&atilde; tr&#7903; n&ecirc;n qu&aacute; &#273;&ocirc;ng &#273;&uacute;c v&agrave; hi&#7875;m nguy.</p>
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>&ldquo;C&aacute;c qu&#7929; ph&ograve;ng h&#7897; &#273;ang gi&#7919; v&#7883; th&#7871; b&aacute;n kh&#7889;ng l&#7899;n &#273;&#7889;i v&#7899;i DXY, v&agrave; trong l&#7883;ch s&#7917;, c&aacute;c c&#7845;p &#273;&#7897; t&#432;&#417;ng t&#7921; th&#432;&#7901;ng b&aacute;o tr&#432;&#7899;c c&#417; h&#7897;i mua v&#7919;ng ch&#7855;c &mdash; &iacute;t nh&#7845;t cho m&#7897;t s&#7921; h&#7891;i ph&#7909;c ng&#7855;n h&#7841;n. Khi m&#7897;t giao d&#7883;ch tr&#7903; n&ecirc;n qu&aacute; &#273;&ocirc;ng &#273;&uacute;c, th&#432;&#7901;ng &#273;&aacute;ng &#273;&#7875; xem x&eacute;t ph&iacute;a &#273;&#7889;i di&#7879;n,&rdquo; anh ta &#273;&atilde; <a href="https://x.com/i3_invest/status/1992956373487829127?s=20" target="_blank" rel="noreferrer noopener nofollow">vi&#7871;t</a>.</p>
</blockquote>

<p>Trong su&#7889;t 20 n&#259;m qua, m&#7895;i &#273;&#7907;t b&aacute;n kh&#7889;ng USD n&#7863;ng n&#7873; &#273;&#7873;u k&#7871;t th&uacute;c c&ugrave;ng m&#7897;t c&aacute;ch: USD b&#7853;t l&ecirc;n, bu&#7897;c c&aacute;c nh&agrave; giao d&#7883;ch ti&#7873;n nhanh ph&#7843;i gi&#7843;i ph&oacute;ng v&#7883; th&#7871;.</p>
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/ZbLHKNXAde6GCWgQiJ1lcpf8-Rc=/smart/3a8f4ffe70cc4ea59457003faeb8dbaf" alt="Hedge Fund Exposure to DXY" class="wp-image-776784">&#272;&#7897; ph&#417;i qu&#7929; ph&ograve;ng h&#7897; &#273;&#7889;i v&#7899;i DXY. Ngu&#7891;n: <a href="https://x.com/i3_invest/status/1992956373487829127" target="_blank" rel="noreferrer noopener nofollow">Tavares tr&ecirc;n X</a>

<h3 class="wp-block-heading">qu&#7929; ph&ograve;ng h&#7897; c&oacute; th&#7875; &#273;ang &#273;&#7863;t c&#432;&#7907;c v&agrave;o s&#7921; ph&#7909;c h&#7891;i c&#7911;a USD</h3>

<p>M&#7897;t c&#7843;nh b&aacute;o t&#432;&#417;ng t&#7921; &#273;&#7871;n t&#7915; EndGame Macro, ng&#432;&#7901;i ch&#7881; ra r&#7857;ng &#273;&#7883;nh v&#7883; b&aacute;n kh&#7889;ng c&#7921;c &#273;oan hi&#7871;m khi xu&#7845;t hi&#7879;n trong c&aacute;c th&#7883; tr&#432;&#7901;ng y&ecirc;n b&igrave;nh.</p>
<p>H&#7885; gi&#7843;i th&iacute;ch r&#7857;ng <a href="https://beincrypto.com/crypto-funds-struggle-with-banking-services/" target="_blank" rel="noreferrer noopener">c&aacute;c qu&#7929; ph&ograve;ng h&#7897;</a> &#273;ang &ldquo;b&aacute;n kh&#7889;ng m&#7897;t &#273;&#7891;ng USD y&#7871;u&rdquo;, &#273;i&#7873;u n&agrave;y l&agrave;m cho th&#7883; tr&#432;&#7901;ng d&#7877; b&#7883; &#7843;nh h&#432;&#7903;ng h&#417;n b&#7903;i m&#7897;t s&#7921; thay &#273;&#7893;i nh&#7887; v&#7873; t&acirc;m l&yacute; ho&#7863;c thanh kho&#7843;n.</p>
<p>Theo c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch, m&ocirc;i tr&#432;&#7901;ng r&#7897;ng l&#7899;n kh&ocirc;ng &#7911;ng h&#7897; s&#7921; y&#7871;u &#273;u&#7889;i ti&#7871;p di&#7877;n c&#7911;a USD nh&#432; c&aacute;c nh&agrave; giao d&#7883;ch d&#7921; &#273;o&aacute;n. Th&#7883; tr&#432;&#7901;ng tr&aacute;i phi&#7871;u kho b&#7841;c &#273;ang &#273;&#7883;nh gi&aacute; cho c&aacute;c &#273;&#7907;t c&#7855;t gi&#7843;m c&#7911;a Fed trong t&#432;&#417;ng lai, t&#259;ng tr&#432;&#7903;ng &#273;ang ch&#7853;m l&#7841;i v&agrave; c&aacute;c th&#7883; tr&#432;&#7901;ng t&agrave;i tr&#7907; USD &#273;ang th&#7855;t ch&#7863;t, t&#7845;t c&#7843; nh&#7919;ng &#273;i&#7873;u ki&#7879;n n&agrave;y l&agrave;m cho c&aacute;c &#273;&#7907;t &#273;&#7843;o chi&#7873;u &#273;&#7897;t ng&#7897;t c&oacute; kh&#7843; n&#259;ng x&#7843;y ra h&#417;n.</p>
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>&ldquo;Thi&#7871;t l&#7853;p n&agrave;y kh&ocirc;ng &#273;&#7843;m b&#7843;o s&#7921; b&ugrave;ng n&#7893; l&#7899;n c&#7911;a USD, nh&#432;ng n&oacute; cho b&#7841;n bi&#7871;t r&#7857;ng r&#7911;i ro xu h&#432;&#7899;ng gi&#7843;m c&oacute; th&#7875; b&#7883; gi&#7899;i h&#7841;n,&rdquo; <a href="https://x.com/onechancefreedm/status/1993161284729069981" target="_blank" rel="noreferrer noopener nofollow">nh&agrave; ph&acirc;n t&iacute;ch EndGame Macro cho bi&#7871;t</a>.</p>
</blockquote>

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading">t&#432;&#417;ng quan ngh&#7883;ch gi&#7919;a DXY v&agrave; crypto</h2>

<p>C&aacute;c nh&agrave; ph&acirc;n t&iacute;ch th&#7883; tr&#432;&#7901;ng crypto ti&#7871;p t&#7909;c nh&#7845;n m&#7841;nh m&#7889;i quan h&#7879; ngh&#7883;ch &#273;&#7843;o tr&#7921;c ti&#7871;p <a href="https://vn.beincrypto.com/dxy-bitcoin-correlation-prediction/" target="_blank" rel="noreferrer noopener">gi&#7919;a DXY v&agrave; t&agrave;i s&#7843;n k&#7929; thu&#7853;t s&#7889;</a>.</p>
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>&ldquo;USD t&#259;ng = kh&ocirc;ng t&#7889;t cho crypto. USD gi&#7843;m = t&#7889;t cho crypto. N&#7871;u USD ti&#7871;p t&#7909;c t&#259;ng m&#7841;nh v&agrave;o 2026&hellip; c&oacute; l&#7869; b&#7841;n s&#7869; ph&#7843;i t&#7841;m bi&#7879;t th&#7883; tr&#432;&#7901;ng t&#259;ng tr&#432;&#7903;ng y&ecirc;u th&iacute;ch,&rdquo; chuy&ecirc;n gia ph&acirc;n t&iacute;ch As Milk Road <a href="https://x.com/MilkRoad/status/1992994154767687730" target="_blank" rel="noreferrer noopener nofollow">c&#7843;nh b&aacute;o</a>.</p>
</blockquote>

<p>R&#7911;i ro l&agrave; n&#7871;u USD h&#7891;i ph&#7909;c m&#7841;nh t&#7915; c&aacute;c v&#7883; th&#7871; b&aacute;n kh&#7889;ng &#273;&ocirc;ng &#273;&uacute;c n&agrave;y, nh&#432; l&#7883;ch s&#7917; &#273;&atilde; ch&#7881; ra, crypto c&oacute; th&#7875; ph&#7843;i ch&#7883;u &aacute;p l&#7921;c k&eacute;o d&agrave;i trong th&#7901;i &#273;i&#7875;m m&agrave; c&aacute;c nh&agrave; &#273;&#7847;u t&#432; mong &#273;&#7907;i m&#7897;t chu k&#7923; t&#259;ng tr&#432;&#7903;ng k&eacute;o d&agrave;i nhi&#7873;u n&#259;m.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading">c&aacute;c t&iacute;n hi&#7879;u k&#7929; thu&#7853;t m&#7899;i c&#7911;a usd c&oacute; th&#7875; &#273;&#7849;y m&#7841;nh &aacute;p l&#7921;c l&ecirc;n t&agrave;i s&#7843;n r&#7911;i ro</h2>

<p>C&aacute;c nh&agrave; k&#7929; thu&#7853;t th&#7883; tr&#432;&#7901;ng &#273;ang theo d&otilde;i c&aacute;c t&iacute;n hi&#7879;u &#273;&#7897;t ph&aacute; m&#7899;i tr&ecirc;n Ch&#7881; s&#7889; &#272;&ocirc; la M&#7929;. Theo Daan Crypto, DXY &#273;&atilde; &#273;&oacute;ng c&#7917;a tr&ecirc;n m&#7913;c <a href="https://beincrypto.com/learn/moving-averages-explained">trung b&igrave;nh di &#273;&#7897;ng</a> 200 ng&agrave;y l&#7847;n &#273;&#7847;u ti&ecirc;n trong g&#7847;n ch&iacute;n th&aacute;ng, &#273;&#7863;t ch&#7881; s&#7889; v&agrave;o v&#7883; tr&iacute; ph&aacute; v&#7905; xu h&#432;&#7899;ng gi&#7843;m 7&ndash;8 th&aacute;ng.</p>
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>&ldquo;&#272;i&#7873;u n&agrave;y kh&ocirc;ng l&yacute; t&#432;&#7903;ng cho c&aacute;c t&agrave;i s&#7843;n r&#7911;i ro v&agrave; &#273;&atilde; g&acirc;y &aacute;p l&#7921;c l&ecirc;n&hellip; T&#7889;t nh&#7845;t l&agrave; n&ecirc;n theo d&otilde;i,&rdquo; anh &#7845;y <a href="https://x.com/DaanCrypto/status/1992639531342872600" target="_blank" rel="noreferrer noopener nofollow">cho bi&#7871;t</a>.</p>
</blockquote>

<p>K&#7871;t h&#7907;p v&#7899;i s&#7921; y&#7871;u k&eacute;m c&#7911;a &#273;&#7891;ng y&ecirc;n v&agrave; h&agrave;nh vi gi&#7843;m r&#7911;i ro sau bi&#7871;n &#273;&#7897;ng th&#7883; tr&#432;&#7901;ng g&#7847;n &#273;&acirc;y, &#273;&agrave; l&#7921;c k&#7929; thu&#7853;t c&oacute; th&#7875; hi&#7879;n &#273;ang ph&#7889;i h&#7907;p v&#7899;i d&#7919; li&#7879;u &#273;&#7883;nh v&#7883; &#273;&#7875; ch&acirc;m ng&ograve;i cho s&#7921; h&#7891;i ph&#7909;c ti&#7873;m n&#259;ng c&#7911;a USD.</p>
<p>N&#7871;u c&aacute;c qu&#7929; ph&ograve;ng h&#7897; bu&#7897;c ph&#7843;i gi&#7843;i ph&oacute;ng v&#7883; th&#7871; b&aacute;n kh&#7889;ng c&#7921;c &#273;oan c&#7911;a h&#7885;, USD c&oacute; th&#7875; di&#7877;n ra m&#7897;t &#273;&#7907;t h&#7891;i ph&#7909;c m&#7841;nh. &#272;i&#7873;u n&agrave;y c&oacute; th&#7875; g&acirc;y &aacute;p l&#7921;c l&ecirc;n Bitcoin, Ethereum v&agrave; c&aacute;c t&agrave;i s&#7843;n r&#7911;i ro tr&ecirc;n di&#7879;n r&#7897;ng.</p>
<p>Nh&#7919;ng tu&#7847;n ti&#7871;p theo c&#7911;a bi&#7871;n &#273;&#7897;ng gi&aacute; DXY, &#273;i&#7873;u ki&#7879;n t&agrave;i tr&#7907;, v&agrave; truy&#7873;n th&ocirc;ng t&#7915; Fed s&#7869; quy&#7871;t &#273;&#7883;nh li&#7879;u c&acirc;u chuy&#7879;n t&#259;ng tr&#432;&#7903;ng c&#7911;a crypto c&oacute; ti&#7871;p t&#7909;c hay b&#432;&#7899;c v&agrave;o giai &#273;o&#7841;n ph&ograve;ng th&#7911; h&#417;n.</p>


Các quỹ đầu cơ đang đặt cược lớn vào việc bán khống USD – Điều này có ý nghĩa gì đối với crypto?

<p>C&aacute;c qu&#7929; ph&ograve;ng h&#7897; &#273;ang &#273;&#7893; x&ocirc; v&agrave;o m&#7897;t trong nh&#7919;ng v&#7909; c&#432;&#7907;c ch&#7889;ng USD l&#7899;n nh&#7845;t trong nhi&#7873;u n&#259;m, ngay khi c&aacute;c d&#7845;u hi&#7879;u v&#297; m&ocirc; cho th&#7845;y USD c&oacute; th&#7875; s&#7855;p ph&#7909;c h&#7891;i.</p>
<p>N&#7871;u giao d&#7883;ch &#273;&ocirc;ng &#273;&uacute;c n&agrave;y v&#7905;, t&aacute;c &#273;&#7897;ng d&acirc;y chuy&#7873;n c&oacute; th&#7875; &#7843;nh h&#432;&#7903;ng &#273;&#7871;n th&#7883; tr&#432;&#7901;ng crypto nhanh h&#417;n so v&#7899;i d&#7921; &#273;o&aacute;n c&#7911;a c&aacute;c nh&agrave; &#273;&#7847;u t&#432;.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading">c&aacute;c qu&#7929; ph&ograve;ng h&#7897; &#273;&#7863;t c&#432;&#7907;c l&#7899;n v&agrave;o s&#7921; s&#7909;p &#273;&#7893; c&#7911;a USD</h2>

<p>C&aacute;c qu&#7929; ph&ograve;ng h&#7897; &#273;ang &#7891; &#7841;t b&aacute;n kh&#7889;ng &#273;&#7891;ng USD, &#273;&#7841;t &#273;&#7871;n m&#7913;c &#273;&#7897; &#273;&#7883;nh v&#7883; kh&ocirc;ng &#273;&#7891;ng &#273;&#7873;u nh&#7845;t trong hai th&#7853;p k&#7927; qua.</p>
<p>Ch&#7881; s&#7889; &#273;&#7883;nh v&#7883; cho th&#7845;y c&aacute;c qu&#7929; &#273;ang &#7903; s&acirc;u trong v&ugrave;ng &ldquo;b&aacute;n kh&#7889;ng c&#7921;c &#273;oan&rdquo;, m&#7897;t khu v&#7921;c m&agrave; tr&#432;&#7899;c &#273;&acirc;y t&#7915;ng b&aacute;o tr&#432;&#7899;c s&#7921; ph&#7909;c h&#7891;i c&#7911;a USD thay v&igrave; s&#7921; suy gi&#7843;m k&eacute;o d&agrave;i.</p>
<p>Chuy&ecirc;n gia ph&acirc;n t&iacute;ch Guilherme Tavares &#273;&atilde; nh&#7845;n m&#7841;nh s&#7921; thi&#7871;t l&#7853;p n&agrave;y, l&#432;u &yacute; r&#7857;ng giao d&#7883;ch &#273;&atilde; tr&#7903; n&ecirc;n qu&aacute; &#273;&ocirc;ng &#273;&uacute;c v&agrave; hi&#7875;m nguy.</p>
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>&ldquo;C&aacute;c qu&#7929; ph&ograve;ng h&#7897; &#273;ang gi&#7919; v&#7883; th&#7871; b&aacute;n kh&#7889;ng l&#7899;n &#273;&#7889;i v&#7899;i DXY, v&agrave; trong l&#7883;ch s&#7917;, c&aacute;c c&#7845;p &#273;&#7897; t&#432;&#417;ng t&#7921; th&#432;&#7901;ng b&aacute;o tr&#432;&#7899;c c&#417; h&#7897;i mua v&#7919;ng ch&#7855;c &mdash; &iacute;t nh&#7845;t cho m&#7897;t s&#7921; h&#7891;i ph&#7909;c ng&#7855;n h&#7841;n. Khi m&#7897;t giao d&#7883;ch tr&#7903; n&ecirc;n qu&aacute; &#273;&ocirc;ng &#273;&uacute;c, th&#432;&#7901;ng &#273;&aacute;ng &#273;&#7875; xem x&eacute;t ph&iacute;a &#273;&#7889;i di&#7879;n,&rdquo; anh ta &#273;&atilde; <a href="https://x.com/i3_invest/status/1992956373487829127?s=20" target="_blank" rel="noreferrer noopener nofollow">vi&#7871;t</a>.</p>
</blockquote>

<p>Trong su&#7889;t 20 n&#259;m qua, m&#7895;i &#273;&#7907;t b&aacute;n kh&#7889;ng USD n&#7863;ng n&#7873; &#273;&#7873;u k&#7871;t th&uacute;c c&ugrave;ng m&#7897;t c&aacute;ch: USD b&#7853;t l&ecirc;n, bu&#7897;c c&aacute;c nh&agrave; giao d&#7883;ch ti&#7873;n nhanh ph&#7843;i gi&#7843;i ph&oacute;ng v&#7883; th&#7871;.</p>
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/ZbLHKNXAde6GCWgQiJ1lcpf8-Rc=/smart/3a8f4ffe70cc4ea59457003faeb8dbaf" alt="Hedge Fund Exposure to DXY" class="wp-image-776784">&#272;&#7897; ph&#417;i qu&#7929; ph&ograve;ng h&#7897; &#273;&#7889;i v&#7899;i DXY. Ngu&#7891;n: <a href="https://x.com/i3_invest/status/1992956373487829127" target="_blank" rel="noreferrer noopener nofollow">Tavares tr&ecirc;n X</a>

<h3 class="wp-block-heading">qu&#7929; ph&ograve;ng h&#7897; c&oacute; th&#7875; &#273;ang &#273;&#7863;t c&#432;&#7907;c v&agrave;o s&#7921; ph&#7909;c h&#7891;i c&#7911;a USD</h3>

<p>M&#7897;t c&#7843;nh b&aacute;o t&#432;&#417;ng t&#7921; &#273;&#7871;n t&#7915; EndGame Macro, ng&#432;&#7901;i ch&#7881; ra r&#7857;ng &#273;&#7883;nh v&#7883; b&aacute;n kh&#7889;ng c&#7921;c &#273;oan hi&#7871;m khi xu&#7845;t hi&#7879;n trong c&aacute;c th&#7883; tr&#432;&#7901;ng y&ecirc;n b&igrave;nh.</p>
<p>H&#7885; gi&#7843;i th&iacute;ch r&#7857;ng <a href="https://beincrypto.com/crypto-funds-struggle-with-banking-services/" target="_blank" rel="noreferrer noopener">c&aacute;c qu&#7929; ph&ograve;ng h&#7897;</a> &#273;ang &ldquo;b&aacute;n kh&#7889;ng m&#7897;t &#273;&#7891;ng USD y&#7871;u&rdquo;, &#273;i&#7873;u n&agrave;y l&agrave;m cho th&#7883; tr&#432;&#7901;ng d&#7877; b&#7883; &#7843;nh h&#432;&#7903;ng h&#417;n b&#7903;i m&#7897;t s&#7921; thay &#273;&#7893;i nh&#7887; v&#7873; t&acirc;m l&yacute; ho&#7863;c thanh kho&#7843;n.</p>
<p>Theo c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch, m&ocirc;i tr&#432;&#7901;ng r&#7897;ng l&#7899;n kh&ocirc;ng &#7911;ng h&#7897; s&#7921; y&#7871;u &#273;u&#7889;i ti&#7871;p di&#7877;n c&#7911;a USD nh&#432; c&aacute;c nh&agrave; giao d&#7883;ch d&#7921; &#273;o&aacute;n. Th&#7883; tr&#432;&#7901;ng tr&aacute;i phi&#7871;u kho b&#7841;c &#273;ang &#273;&#7883;nh gi&aacute; cho c&aacute;c &#273;&#7907;t c&#7855;t gi&#7843;m c&#7911;a Fed trong t&#432;&#417;ng lai, t&#259;ng tr&#432;&#7903;ng &#273;ang ch&#7853;m l&#7841;i v&agrave; c&aacute;c th&#7883; tr&#432;&#7901;ng t&agrave;i tr&#7907; USD &#273;ang th&#7855;t ch&#7863;t, t&#7845;t c&#7843; nh&#7919;ng &#273;i&#7873;u ki&#7879;n n&agrave;y l&agrave;m cho c&aacute;c &#273;&#7907;t &#273;&#7843;o chi&#7873;u &#273;&#7897;t ng&#7897;t c&oacute; kh&#7843; n&#259;ng x&#7843;y ra h&#417;n.</p>
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>&ldquo;Thi&#7871;t l&#7853;p n&agrave;y kh&ocirc;ng &#273;&#7843;m b&#7843;o s&#7921; b&ugrave;ng n&#7893; l&#7899;n c&#7911;a USD, nh&#432;ng n&oacute; cho b&#7841;n bi&#7871;t r&#7857;ng r&#7911;i ro xu h&#432;&#7899;ng gi&#7843;m c&oacute; th&#7875; b&#7883; gi&#7899;i h&#7841;n,&rdquo; <a href="https://x.com/onechancefreedm/status/1993161284729069981" target="_blank" rel="noreferrer noopener nofollow">nh&agrave; ph&acirc;n t&iacute;ch EndGame Macro cho bi&#7871;t</a>.</p>
</blockquote>

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading">t&#432;&#417;ng quan ngh&#7883;ch gi&#7919;a DXY v&agrave; crypto</h2>

<p>C&aacute;c nh&agrave; ph&acirc;n t&iacute;ch th&#7883; tr&#432;&#7901;ng crypto ti&#7871;p t&#7909;c nh&#7845;n m&#7841;nh m&#7889;i quan h&#7879; ngh&#7883;ch &#273;&#7843;o tr&#7921;c ti&#7871;p <a href="https://vn.beincrypto.com/dxy-bitcoin-correlation-prediction/" target="_blank" rel="noreferrer noopener">gi&#7919;a DXY v&agrave; t&agrave;i s&#7843;n k&#7929; thu&#7853;t s&#7889;</a>.</p>
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>&ldquo;USD t&#259;ng = kh&ocirc;ng t&#7889;t cho crypto. USD gi&#7843;m = t&#7889;t cho crypto. N&#7871;u USD ti&#7871;p t&#7909;c t&#259;ng m&#7841;nh v&agrave;o 2026&hellip; c&oacute; l&#7869; b&#7841;n s&#7869; ph&#7843;i t&#7841;m bi&#7879;t th&#7883; tr&#432;&#7901;ng t&#259;ng tr&#432;&#7903;ng y&ecirc;u th&iacute;ch,&rdquo; chuy&ecirc;n gia ph&acirc;n t&iacute;ch As Milk Road <a href="https://x.com/MilkRoad/status/1992994154767687730" target="_blank" rel="noreferrer noopener nofollow">c&#7843;nh b&aacute;o</a>.</p>
</blockquote>

<p>R&#7911;i ro l&agrave; n&#7871;u USD h&#7891;i ph&#7909;c m&#7841;nh t&#7915; c&aacute;c v&#7883; th&#7871; b&aacute;n kh&#7889;ng &#273;&ocirc;ng &#273;&uacute;c n&agrave;y, nh&#432; l&#7883;ch s&#7917; &#273;&atilde; ch&#7881; ra, crypto c&oacute; th&#7875; ph&#7843;i ch&#7883;u &aacute;p l&#7921;c k&eacute;o d&agrave;i trong th&#7901;i &#273;i&#7875;m m&agrave; c&aacute;c nh&agrave; &#273;&#7847;u t&#432; mong &#273;&#7907;i m&#7897;t chu k&#7923; t&#259;ng tr&#432;&#7903;ng k&eacute;o d&agrave;i nhi&#7873;u n&#259;m.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading">c&aacute;c t&iacute;n hi&#7879;u k&#7929; thu&#7853;t m&#7899;i c&#7911;a usd c&oacute; th&#7875; &#273;&#7849;y m&#7841;nh &aacute;p l&#7921;c l&ecirc;n t&agrave;i s&#7843;n r&#7911;i ro</h2>

<p>C&aacute;c nh&agrave; k&#7929; thu&#7853;t th&#7883; tr&#432;&#7901;ng &#273;ang theo d&otilde;i c&aacute;c t&iacute;n hi&#7879;u &#273;&#7897;t ph&aacute; m&#7899;i tr&ecirc;n Ch&#7881; s&#7889; &#272;&ocirc; la M&#7929;. Theo Daan Crypto, DXY &#273;&atilde; &#273;&oacute;ng c&#7917;a tr&ecirc;n m&#7913;c <a href="https://beincrypto.com/learn/moving-averages-explained">trung b&igrave;nh di &#273;&#7897;ng</a> 200 ng&agrave;y l&#7847;n &#273;&#7847;u ti&ecirc;n trong g&#7847;n ch&iacute;n th&aacute;ng, &#273;&#7863;t ch&#7881; s&#7889; v&agrave;o v&#7883; tr&iacute; ph&aacute; v&#7905; xu h&#432;&#7899;ng gi&#7843;m 7&ndash;8 th&aacute;ng.</p>
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>&ldquo;&#272;i&#7873;u n&agrave;y kh&ocirc;ng l&yacute; t&#432;&#7903;ng cho c&aacute;c t&agrave;i s&#7843;n r&#7911;i ro v&agrave; &#273;&atilde; g&acirc;y &aacute;p l&#7921;c l&ecirc;n&hellip; T&#7889;t nh&#7845;t l&agrave; n&ecirc;n theo d&otilde;i,&rdquo; anh &#7845;y <a href="https://x.com/DaanCrypto/status/1992639531342872600" target="_blank" rel="noreferrer noopener nofollow">cho bi&#7871;t</a>.</p>
</blockquote>

<p>K&#7871;t h&#7907;p v&#7899;i s&#7921; y&#7871;u k&eacute;m c&#7911;a &#273;&#7891;ng y&ecirc;n v&agrave; h&agrave;nh vi gi&#7843;m r&#7911;i ro sau bi&#7871;n &#273;&#7897;ng th&#7883; tr&#432;&#7901;ng g&#7847;n &#273;&acirc;y, &#273;&agrave; l&#7921;c k&#7929; thu&#7853;t c&oacute; th&#7875; hi&#7879;n &#273;ang ph&#7889;i h&#7907;p v&#7899;i d&#7919; li&#7879;u &#273;&#7883;nh v&#7883; &#273;&#7875; ch&acirc;m ng&ograve;i cho s&#7921; h&#7891;i ph&#7909;c ti&#7873;m n&#259;ng c&#7911;a USD.</p>
<p>N&#7871;u c&aacute;c qu&#7929; ph&ograve;ng h&#7897; bu&#7897;c ph&#7843;i gi&#7843;i ph&oacute;ng v&#7883; th&#7871; b&aacute;n kh&#7889;ng c&#7921;c &#273;oan c&#7911;a h&#7885;, USD c&oacute; th&#7875; di&#7877;n ra m&#7897;t &#273;&#7907;t h&#7891;i ph&#7909;c m&#7841;nh. &#272;i&#7873;u n&agrave;y c&oacute; th&#7875; g&acirc;y &aacute;p l&#7921;c l&ecirc;n Bitcoin, Ethereum v&agrave; c&aacute;c t&agrave;i s&#7843;n r&#7911;i ro tr&ecirc;n di&#7879;n r&#7897;ng.</p>
<p>Nh&#7919;ng tu&#7847;n ti&#7871;p theo c&#7911;a bi&#7871;n &#273;&#7897;ng gi&aacute; DXY, &#273;i&#7873;u ki&#7879;n t&agrave;i tr&#7907;, v&agrave; truy&#7873;n th&ocirc;ng t&#7915; Fed s&#7869; quy&#7871;t &#273;&#7883;nh li&#7879;u c&acirc;u chuy&#7879;n t&#259;ng tr&#432;&#7903;ng c&#7911;a crypto c&oacute; ti&#7871;p t&#7909;c hay b&#432;&#7899;c v&agrave;o giai &#273;o&#7841;n ph&ograve;ng th&#7911; h&#417;n.</p>
