BTC: Limit Chasing Lifts Price Into Asia Session
BTC at $77320 shows limit chasing on spot and perps driving gains into Asia-Europe handover with US markets closed.
SourceAnalysis
BTC registered fresh upside from headline-driven limit buying across spot and perpetuals as the Asia session handed over to Europe, while US cash markets stayed shut for the holiday.
Traders now watch Hyperliquid and futures flows for continuation cues in a market where crypto often leads traditional sessions. With price at $77320, the 4-hour structure sits inside a bullish EMA alignment where the 50-period EMA at $77239.97 and 200-period EMA at $77301.63 act as layered support beneath current levels. MACD at -26.71 has printed a golden cross that reinforces trend strength, yet RSI at 55.16 remains neutral and leaves headroom before overbought conditions emerge. Price remains inside the Bollinger Bands, so the upper band at $78292.91 stands as the next volatility target while the lower band at $74673.83 defines short-term downside containment. This setup favors continuation toward resistance provided futures volume holds.
Skew Δ
@52kskewFull time trader & analyst