10:51 UTC
Downtrend, extended lower · RSI 32 · price 63,278.31
Lower highs, lower lows; breakdown.
Distribution from the ~126K Oct-2025 peak has given way to a sustained W1 downtrend, with price shedding nearly half toward the 59137 June low. EMA(50) sits far overhead and price holds well below it — macro structure is firmly bearish. The latest weekly bounce off the floor to the 64150 recent high is a deleveraging, headline-driven move rather than a structural turn, with the 60000 round number marking the floor zone.
Support: 59,137.00, 60,000.00
Resistance: 64,150.00, 73,704.00
What it said to watch
- Weekly close below 59137 confirms breakdown continuation
- Reclaim of 73704 prior high needed to question the downtrend
- US CPI Wed Jun 10 could materially shift this read