Dollar in a Bullish Coil 🚀

The $USDC is currently consolidating within an ascending channel, bouncing off its support trendline.

The Ichimoku Cloud is acting as a key resistance barrier above current price action. A breakout above the cloud would strongly confirm continued bullish momentum. Conversely, a drop below the channel’s support trendline signals potential further downside. 📉

Given the historically inverse relationship between the $USDC and crypto, this price action could be pivotal in shaping upcoming crypto trends. Keep a close eye on this – it could dictate the next move for $BTC and the wider market.

#USD #CryptoOutlook #MarketAnalysis #Ichimoku 📈

USDCUSDT

دائم

0.99985

0.00%

BTCUSDT

دائم

67,891.6

+1.05%