09:21 UTC
Macro uptrend, deep correction underway · RSI 42 · price 80,180.70
Lower highs from 126k peak, testing prior breakout zone.
Macro uptrend from 2024 has rolled into a sharp correction after the 126k all-time high failed in early Q1, with seven consecutive lower weekly highs carving a clear downtrend. Price has lost EMA20 and is now pressing EMA50 near 95k from below, and the bearish RSI divergence printed at the 126k peak has played out cleanly. The 74.5k April-25 low is the line that defines whether this is a deep pullback within the broader uptrend or a regime change.
Support: 74,500.00, 65,000.00, 60,000.00
Resistance: 95,000.00, 110,000.00
What it said to watch
- weekly close below 74500 apr-25 low confirms regime shift toward 65000 swing low and 60000 psych
- reclaim of 95000 ema50 on a weekly close stabilises the macro structure
- extended rejection from 95000-110000 prior range keeps the lower-high sequence intact