BTC: Spot Selling Signals Pre-Weekly Open Hedges
BTC at $64308.45 draws spot selling and short hedging near resistance ahead of weekly open, with 4h chart MACD golden cross intact.
SourceAnalysis
BTC shows spot market selling and fresh shorts opening into price as traders execute pre-weekly open hedges around market supply and resistance.
Bitcoin historical price action before weekly opens frequently features exactly this rotation. On the 4h chart price holds at $64308.45 inside the Bollinger band with upper resistance at $64859.33, while the EMA50 at $63885.01 anchors the bullish structure and MACD registers a golden cross at 440.68 with RSI neutral at 58.65.
Skew Δ
@52kskewFull time trader & analyst