11:03 UTC
Downtrend, accelerating · RSI 33 · price 63,731.81
Lower highs since Q4 peak, fresh 19-month low.
Macro regime turned decisively lower from the ~126,200 peak set in Q4 2025, and the last weeks printed a sharp break to a 19-month low near 59,100 with price holding well below the W1 EMA(50). This week's bounce back to ~64,000 came on Iran-deal risk-on, but it sits right under the 64,375 resistance and remains an unconfirmed reaction within the broader decline. RSI(14) is pressed toward oversold for the first time in this leg, reflecting the speed of the drop into the 200-week MA shelf around 61,800.
What it said to watch
- Weekly close above 64,375 needed to challenge the 66,800 prior shelf
- Loss of 59,100 19-month low confirms continuation lower
- FOMC rate projections Jun 17 could materially shift this read