Bitcoin: Perps Sell LTF Bounce as Spot Sleeps
Bitcoin at $75327.92 sees perps extend selling on LTF bounce while spot stays quiet, with 4h chart confirming bearish EMA structure.
SourceAnalysis
BTC shows lack of lift as spot markets stay asleep and perps sell the slight LTF bounce, according to @52kskew. BTC price prediction models now hinge on whether persistent taker selling creates a trap or forces unwind below recent lows.
Price sits at $75327.92 inside the Bollinger band with upper resistance at $78073.97 and lower support at $75092.35. The bearish trend structure places concrete resistance at EMA50 $76833.87 and EMA200 $77257.5, while RSI(14) at 37.0 stays neutral and MACD death cross at -362.28 keeps downside pressure intact; any reclaim of the 50-EMA would require fresh spot taker bids to shift momentum.
Skew Δ
@52kskewFull time trader & analyst