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BTC: Spot Bulls Face Key 4H Closes | Flash News Detail | Blockchain.News
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6/1/2026 4:49:00 PM

BTC: Spot Bulls Face Key 4H Closes

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.

Source

Analysis

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

@52kskew

Full time trader & analyst