Bitcoin: TradFi Selling Pressures BTC Spot Bids

Bitcoin faces sustained TradFi selling pressure during US hours, yet passive buyers on Binance spot defend current lows near $66028.94 while IBIT and MSTR bids cluster at $65K and $60K.

Spot flows and institutional positioning retain absolute dominance as the market steps away from longs, leaving BTC exposed to reflexive TradFi moves rather than retail momentum.

Price action on the 4h chart shows Bitcoin inside Bollinger Bands with upper resistance at $75790.4 and lower support at $64030.97; the bearish EMA50 at $71844.48 and EMA200 at $75521.38 act as concrete overhead resistance while RSI at 22.39 signals oversold conditions and MACD at -2006.34 confirms the death cross, pointing to a likely test of the lower band before any sustained recovery in BTC price prediction models.