BTC: Skew Flags Reaction at Balance Low

BTC posted a solid reaction after heavy selling into the low of the balance, according to trader @52kskew, who noted that longs must now establish control to drive continuation.

Price sits at $65833.93 inside the Bollinger Bands with the upper resistance at $67504.02 and lower support at $63385.29. The structure remains bullish above the EMA50 at $64763.01 yet below the EMA200 at $69484.61, while RSI(14) at 56.76 stays neutral and MACD prints a death cross at 698.72. With price testing upper Bollinger resistance while RSI flashes neutral, a healthy retracement to the 50-EMA support at $64763.01 seems probable before further continuation.

This setup feeds directly into current BTC price prediction models and broader crypto market analysis as traders monitor whether buyer absorption can overcome the bearish momentum signal.