$USDC

📉 Trend Overview

Overall Trend: Bearish-to-sideways

Short-Term Momentum: Weak bullish correction within a broader downtrend

Key Chart Pattern: Descending channel, suggesting persistent selling pressure

🧮 Support & Resistance

Immediate Resistance: 0.00001535 BTC – price is testing this level, acting as a local ceiling

Next Major Resistance: 0.00001570 BTC – strong seller zone if bullish momentum continues

Key Support: 0.00001500 BTC – critical level to hold for any recovery

Breakdown Support: 0.00001480 BTC – breach here may trigger steeper losses

📊 Indicators

RSI (14): ~42 – mild bullish divergence developing, but still below 50 (bearish bias)

MACD: Bearish histogram narrowing – potential for crossover if buyers step in

Bollinger Bands: Squeezing, signaling incoming volatility; currently at the lower band (suggesting oversold conditions)

Volume: Low, showing indecision; breakout confirmation needed

🧠 Trading Strategy

Short-Term Bias: Cautiously neutral with a bearish tilt

Scalp Traders: Look for bounces near 0.00001500 BTC with tight stops

Swing Traders: Await a confirmed breakout above 0.00001570 BTC for bullish continuation

Risk Management: Use trailing stops; avoid over-leveraging due to BTC volatility