Bitcoin: Shorts Open After Low Sweep

Bitcoin swept the prior low-term low as spot limit selling dominated, shorts opened into price while longs stayed open and split market participation on direction.

At $74081.51 price trades below both the EMA50 at $75583.76 and EMA200 at $76867.04 locking in the bearish trend, yet the MACD golden cross at -756.73 hints at building momentum while RSI at 42.46 holds neutral inside the Bollinger bands whose upper resistance sits at $76832.53.