BTC: Price Returns to Daily VWAP on Spot Selling
BTC at $77083.2 hits daily VWAP after spot selling crushed longs, with spot flows now steering direction amid neutral RSI and MACD golden cross.
SourceAnalysis
BTC slipped back to the daily VWAP as spot selling flattened longs once more, confirming that spot flows continue to dictate short-term direction.
Price at $77083.2 sits just below the EMA50 at $77223.53 and EMA200 at $77336.05, locking in the bearish trend structure on the 4h chart. The neutral RSI at 51.32 leaves room for continuation while the MACD golden cross at 69.91 supplies underlying momentum. With BTC trading inside the Bollinger Bands, the upper resistance at $78205.0 caps upside and the lower support at $75410.53 defines the next volatility target; any rejection here favors a measured retracement toward the 50-EMA before fresh directional conviction emerges. This setup refines ongoing BTC price prediction work and sharpens crypto market analysis around spot-driven flows.
Skew Δ
@52kskewFull time trader & analyst