BTC: Spot Bulls Face Key 4H Closes
BTC at $71710.43 tests lower support with bearish MACD death cross as 4H closes decide spot bull defense.
SourceAnalysis
BTC price at $71710.43 tests lower Bollinger support at $71815.88 while EMA50 resistance at $74380.03 and EMA200 at $76372.07 define the bearish trend structure. MACD death cross at -639.94 confirms downside momentum yet RSI at 31.16 remains neutral, creating the exact 4H confluence zone where spot bulls must appear or risk accelerated selling as noted by @52kskew. This setup aligns with BTC price prediction models watching for volatility exhaustion before any sustained move.
Skew Δ
@52kskewFull time trader & analyst