$BTC As of Monday, May 12, 2025, at 6:41 PM IST, here's a brief overview of Binance Coin (BNB) and Bitcoin (BTC) based on recent information:

BNB/USDT: Technical analysis from May 9th indicated a strong uptrend for BNB on the daily timeframe, with the Relative Strength Index (RSI) near overbought levels (~72) and the Moving Average Convergence Divergence (MACD) supporting the uptrend. The analysis suggested waiting for a correction to around $620 for spot buying. For futures, a long position was recommended if the price exceeds $650, targeting $670. A short position was suggested if the price drops below $620, targeting $600. As of May 12th, an intraday analysis noted BNB started to rise after breaking a support level, with a key level to watch around $657. Stability above this level on the 2-4 hour chart could signal further upward movement, with resistance around $668.2, $679.5, and $684.6.

BTC/USDT: The technical analysis from May 9th also showed a strong uptrend for Bitcoin on the daily timeframe, with the RSI around 72 and MACD supporting the uptrend. A correction to the $100,000 range was suggested for spot buying. For futures, a long position above $104,000 with a $106,000 target was mentioned, and a short position below $100,000 targeting $97,000. An intraday analysis on May 12th indicated Bitcoin fell after hitting initial support, with $104,150 being a crucial level to watch. Stabilization above this on the 1-2 hour chart could lead to a retest of the previous high around $105,200, with further targets at $106,380-$108,330 if broken. A fall below $104,150 could lead to a pullback with support around $103,330-$100,950.

BNB/BTC Pair: This trading pair allows users on Binance to trade BNB directly against BTC. Recent analysis on May 2nd noted that the BNB/BTC pair showed signs of weakening, suggesting potential short-term Bitcoin dominance, despite BNB's strong fundamentals. Historical data shows fluctuations in the pair, with recent prices around the 0.0062-0.0064 range. Technical analysis on TradingView suggests potential for BNB to outperform Bitcoin i