Bitcoin: Shorts Rotate to Longs on Uptick
Bitcoin at $77218.14 as shorts rotate into longs, with traders eyeing short squeeze potential amid neutral RSI and bullish MACD on the 4h chart.
SourceAnalysis
Bitcoin advances after a major short rotation into longs, with @52kskew urging close attention to price action for any short squeeze push ahead. On the 4h chart, BTC at $77218.14 trades inside the Bollinger Bands, testing upper resistance at $78497.7 while RSI sits neutral at 45.16; despite the bearish EMA structure with EMA50 at $78376.93 capping upside, the MACD golden cross supports momentum near EMA200 support of $77354.4, setting up a likely retracement before continuation in this BTC price prediction setup.
Skew Δ
@52kskewFull time trader & analyst