BTC: Daily VWAP Sparks Short Covering

BTC pushes higher from the daily VWAP with shorts covering while new shorts build at resistance, yet spot flows stay the dominant driver per @52kskew. Bitcoin daily VWAP trading and short covering rallies history shows passive buyers alone rarely sustain auctions without aggressive taker bids. On the 4h chart price holds a bullish structure above the EMA50 at $77260.29 and EMA200 at $77321.53 with MACD golden cross intact at 81.15; trading inside the Bollinger band near upper resistance of $78253.56 while RSI sits neutral at 57.52 points to a measured extension before any test of lower support at $74692.68.