$BTC
Based on the BTC/USDC daily chart, the current trend is showing signs of correction after a strong increase from a low of around 98,208 USDC. The current price is trading around 117,911 USDC, significantly lower than the recent peak of 123,250 USDC, indicating that selling pressure is increasing.
The Bollinger Bands indicator shows that the price is fluctuating near the middle band, suggesting that the bullish trend is weakening. The MACD has crossed below the signal line, and the histogram is gradually turning red, indicating that upward momentum has decreased. The current RSI is at 48.62, approaching the neutral zone, with no clear signs of overbought or oversold conditions.
Overall, the short-term trend may lean towards correction or accumulation around the 114,000–118,000 USDC range before a new upward movement if buying pressure returns. Investors should be cautious and wait for a clearer trend confirmation.
