In the ever-volatile world of Bitcoin trading, recent observations from market analyst Skew Δ highlight a critical resistance point for BTC at around $105K. According to Skew Δ's analysis on November 6, 2025, the price of Bitcoin has been effectively capped by a dense cluster of ask orders, or sell orders, positioned just above this $105K threshold. This setup is not entirely surprising given the ongoing market dynamics, where sellers appear to be strategically positioning themselves to limit upward momentum. Traders monitoring BTC/USD pairs on major exchanges like Binance would do well to note this resistance, as it could signal potential consolidation or even a reversal if buying pressure fails to overcome these barriers.

Understanding the Divergence in Binance Spot CVD and Price Action

Diving deeper into the technical indicators, Skew Δ points out a notable divergence between the Binance spot Cumulative Volume Delta (CVD) and the actual price movement of Bitcoin. CVD measures the net difference between buying and selling volume over time, providing insights into market sentiment. When CVD diverges from price—meaning volume suggests selling pressure while price holds or rises slightly—it often indicates passive selling strategies. These tactics involve sellers gradually offloading positions without aggressively pushing prices down, effectively absorbing buy orders and preventing breakouts. In the context of BTC trading, this divergence has been observed during key sessions, potentially setting the stage for more pronounced downward moves. For instance, historical patterns show that such setups can lead to increased volatility, with trading volumes spiking as the market reacts. Traders should watch on-chain metrics like exchange inflows and outflows to gauge if this passive selling is backed by whale activity, which could amplify the impact on BTC's price trajectory.

Implications for Asia Trading Hours and Strategic Positioning

A key aspect of this analysis is the timing: Skew Δ notes that passive selling is frequently employed to drive prices lower specifically during Asia trading hours. This period, typically characterized by lower liquidity compared to US or European sessions, allows sellers to exert influence with less counterpressure from global participants. For BTC traders, this means heightened vigilance is required overnight in Western time zones, as dips below support levels like $100K could trigger cascading liquidations. Looking at broader market indicators, if this resistance at $105K holds, it might correlate with reduced trading volumes in BTC perpetual futures, signaling waning bullish sentiment. Opportunities could arise for short positions if confirmation comes from indicators like the Relative Strength Index (RSI) showing overbought conditions or declining open interest in futures contracts. Conversely, a breakout above $105K with strong volume could invalidate this bearish setup, potentially targeting higher resistances around $110K based on Fibonacci extensions from recent lows.

To optimize trading strategies amid these conditions, consider multiple pairs such as BTC/USDT and BTC/ETH for relative strength comparisons. On-chain data from sources like Glassnode often reveals metrics like realized price distribution, which can help identify where large holders might defend or sell. For example, if passive selling persists, expect increased volatility in spot markets, with 24-hour trading volumes potentially dipping before a rebound. Institutional flows, tracked through ETF inflows, could provide counterbalance if positive, but current setups suggest caution. Ultimately, this capped price action underscores the importance of risk management, with stop-loss orders placed below key supports to mitigate downside risks. By integrating these insights, traders can navigate the Bitcoin market more effectively, capitalizing on potential pullbacks or breakouts while staying attuned to global session shifts.

Expanding on the broader implications, this scenario reflects ongoing trends in cryptocurrency markets where technical resistances often dictate short-term price action. For those eyeing long-term positions, monitoring macroeconomic factors like interest rate decisions could influence BTC's correlation with traditional assets. In summary, Skew Δ's observations serve as a timely reminder for traders to blend technical analysis with volume-based indicators, ensuring informed decisions in a market prone to manipulative tactics during off-peak hours.