BTC: Spot Buying Absorbs Low $67K Selling

BTC develops value through substantial passive spot buying that absorbed market selling from the low $67K area, with perp positioning softly long-biased yet crowded by shorts chasing the bounce. For continuation higher, value must migrate upward while price respects weekly VWAP and the 4H trend, led by passive and market spot flows. On the 4h chart BTC trades at $66915.64 inside a bullish structure above the EMA50 support at $64688.28 yet below the EMA200 resistance at $69542.54; the MACD golden cross at 858.98 confirms trend strength while RSI at 66.68 stays neutral, so price may probe the upper Bollinger band at $67568.63 before any retracement toward the 50-EMA confluence.