BTC: Skew Flags Potential Trap Setup on Shorting
BTC at $75259.31 shows trap setup per Skew with persistent shorting and taker selling, testing lower Bollinger support at $75275.54 amid bearish EMA structure.
SourceAnalysis
BTC faces a potential trap setup as @52kskew highlights persistent shorting and taker selling into price while lows hold sideways, requiring fresh spot passive buying and perp upside to confirm completion via spot taker bids. Over the past six months Bitcoin has navigated repeated distribution phases that resolved only after clear spot accumulation, making the current structure a classic setup traders monitor closely. With price testing lower Bollinger support at $75275.54 against bearish EMA50 at $76894.37 and EMA200 at $77270.06 plus MACD death cross at -320.36, the 4h chart reveals a confluence where RSI at 36.2 leaves room for further downside if support cracks, likely triggering unwind before any sustained recovery in BTC price prediction models.
Skew Δ
@52kskewFull time trader & analyst