Bitcoin: Faces $70K Spot Sellers

Flood, the crypto analyst behind @ThinkingUSD, just dropped a video spotlighting Bitcoin spot sellers clustering at the $70K level, signaling potential resistance if prices dip back there amid ongoing market volatility.

Zooming into the 4-hour chart, BTC trades at $81,326.83 in a clear bullish structure, hugging the upper Bollinger Band resistance near $81,809.83 while the EMA50 at $78,593.79 acts as immediate support—confluence here screams caution, as RSI at 67.54 edges neutral but MACD's golden cross at 916.93 fuels upside momentum, likely eyeing a test of that upper band before any pullback to the EMA200 at $75,137.5 for reloaded bulls, especially with Bitcoin hype mirroring recent TAO surges in the crypto market crash recovery narrative.