Bitcoin: Spot TWAP Buys Lift Price With Mixed Perps

Bitcoin advances as spot TWAP buying leads price higher while futures positioning remains mixed with both longs and shorts opening.

Price compression leaves little buildup, allowing modest flows to spark moves especially into the weekend. On the 4h chart BTC holds a bullish structure above the EMA50 at $63730.97 yet below the EMA200 at $70110.83; the MACD golden cross at 337.72 supports continuation while neutral RSI at 59.93 and price inside the Bollinger band between $61460.19 and $64774.2 point to a potential test of upper resistance before any deeper pullback to the 50-EMA support.