BTC: Original Buyer Walks Price on Daily VWAP
BTC at $74019.39 with original buyer active on daily VWAP and perp ask liquidity, needing spot bids for upside.
SourceAnalysis
BTC sees the same original buyer walking price up, a critical factor with daily vwap and ask liquidity quoted on perps that demands real spot bids to push higher.
Price action at $74019.39 sits inside Bollinger Bands with upper resistance at $76831.62 while EMA50 resistance at $75581.33 caps the move in this bearish trend structure, and the MACD golden cross at -761.69 alongside neutral RSI 41.7 points to exhaustion before any sustained continuation.
Skew Δ
@52kskewFull time trader & analyst