BTC/USDC is holding above 105k, but the daily chart shows signs of compression. After the flush to ~104k, we saw solid inflow from large buyers (nearly +114 BTC net in the last 24h) and the bounce hasn’t been impulsive, just methodical. On the 1D chart, candles are trapped between the mid and lower Bollinger bands, while MACD stays flatlined. RSI is neutral (~55), StochRSI rising, but it’s not decisive.
It’s the kind of drift that keeps both sides guessing, not a clean reversal. Short-term bulls are nibbling, but they’re not piling in. Spot wallets might be dry. Mine too. Volume isn’t confirming strength, and the previous 367 BTC inflow is already fading.
So what’s next? Either a short squeeze if resistance at 106k breaks, or another rejection sending us back to test 103–104k again. No breakout, but no breakdown either.
It’s not Tokyo Drift yet, but the handbrake’s definitely off.
