BTC/USD AI Live Scan, daily chart, Monday, 6 July 2026
Every read JAFX AI made on the BTC/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:06 UTC
Downtrend, basing after selloff · RSI 56 · price 63,531.03
Lower highs from ~82.6K peak, base near 58K.
BTC has been in a downtrend since the mid-cycle top near 82.6K, printing lower highs into a base around the 58K YTD low over the past two weeks. The current bounce to 63.5K stalls right at the $63K supply wall — roughly the 23.6% retracement of the entire decline — after a soft NFP print (57K vs 110K) and dovish Fed repricing sparked the reclaim of the 60K handle. Price sits above EMA20 but well below a falling EMA50, keeping the swing trend down despite the relief rally.
What it said to watch
Daily close above 64.5K prior high would challenge the lower-high sequence
Failure to hold the 60k handle reopens the 58K ytd low
FOMC Minutes Wed 18:00 UTC could materially shift this read
Two-month downtrend off the mid-May 82,670 peak, price below a falling EMA(50) since late May. Selling bottomed near the 58,000 YTD low twice in late June — a potential double bottom — and price has since recovered to retest the 63K supply wall after a soft NFP print (57K vs 110K) sparked the reclaim of 60K. RSI has cycled back to the midline; the multi-week bias is still lower until price clears the descending highs.
What it said to watch
Weekly close above the 64,600 prior high opens the path toward the 67,200 swing high
Failure to hold the 58,000 YTD low confirms a fresh lower low
FOMC Minutes Wed 18:00 UTC could materially shift this read