BTC/USD AI Live Scan, 1-hour chart, Tuesday, 14 July 2026
Every read JAFX AI made on the BTC/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:04 UTC
Uptrend, sharp reversal in force · RSI 64 · price 64,833.60
V-reversal off week low, higher highs.
BTC v-reversed off the ~61,700 week low into a steep rally through 64K after the soft US CPI print during Wednesday's NY session, reclaiming 65,039 the week high. Price sits well above rising EMA(20) and EMA(50) with RSI(14) cycling in the low-60s. The 64,200 higher low has held on the shallow pullback, keeping the breakout structure intact.
What it said to watch
PPI cluster Jul 15 12:30 UTC and Warsh testimony could materially shift this read
Loss of the 64,200 higher low would question the reversal
H1 close below 63,800 breakout returns price into prior range
Sustained acceptance above 65,039 week high opens continuation
BTC bottomed near 61,700 midweek then reversed hard, tearing through the 62-64k band into the NY session after the soft US CPI print. Price is now pressing the 65,000 handle with RSI stretched into the high-60s and holding above both EMAs. The recovery leg has printed a clean set of higher lows off the 61,700 base.
What it said to watch
PPI cluster Jul 15 12:30 UTC could materially shift this read
Failure to hold 64,450 would signal the recovery leg stalling
Close above 65,039 session high opens the path higher
Impulse off swing low, now consolidating below week high.
BTC ripped off the 61,700 swing low into a clean impulse, tagging 64,947 as the soft June CPI print repriced Fed cuts and pressured the dollar. Price now consolidates in the upper 64Ks, holding above EMA(20) and EMA(50) with RSI(14) cooling from the rally peak. The ~$63K supply wall flagged in the news has flipped to a floor after this week's breakout.
What it said to watch
H1 close above 64,947 week high opens continuation; failure keeps price capped
Loss of 64,040 weekly open would signal the rally fading back toward the breakout
PPI Wed 12:30 UTC and Warsh testimony could materially shift this read
22:03 UTC
Uptrend, sharp recovery leg · RSI 64 · price 64,587.87
Reversal off week lows, consolidating below week high.
BTC bottomed near 61,700 in Thursday's NY session then ripped higher, clearing the 63K supply wall and the 63,900 breakout on soft US CPI and dovish Warsh commentary. Price tagged a 64,947 week high before easing into a tight consolidation around 64,500, holding well above EMA20 and EMA50. RSI is elevated near 63 without stretching to extreme, and pullbacks so far have found the 64,223 area.
What it said to watch
Sustained close above 64,947 week high opens room past the 65,000 psych level
Loss of 64,223 day pullback exposes the 63,900 breakout retest
PPI Wed 12:30 UTC and Warsh testimony resumption could materially shift this read
Sharp reversal off week low, consolidating at highs.
BTC bottomed near 61700 mid-window before a vertical rally through the NY session, tagging a week high at 64947 on the dovish US CPI miss that revived the easier-policy trade. Price is now consolidating in the mid-64000s above both EMAs, with the 63900 breakout shelf turned first support and RSI cycling off its highs. The impulse remains intact so long as the 64223 pullback low holds.
Support: 64,223.00, 63,900.00, 62,700.00
Resistance: 64,947.00
What it said to watch
H1 close back below 63900 negates the breakout and reopens the base toward 62700
Close above 64947 week high opens the path higher
PPI Jul 15 12:30 UTC and Warsh testimony 14:00 UTC could materially shift this read
21:06 UTC
Uptrend, consolidating after impulse · RSI 63 · price 64,553.91
Higher-low base, sharp breakout, digesting near highs.
BTC based near 61.7K through midweek then ripped an impulse into the NY session, reclaiming the 64K handle and tagging 64947 — the soft CPI print (headline 3.5% vs 3.8% f/c) fed the dovish-Fed bid. Price is now consolidating 64380–64860 just under the week high with RSI holding in the low 60s. The 64165 swing low marks the first shelf; both EMAs sit below and pullbacks have so far held above them.
Support: 64,165.00, 63,811.00
Resistance: 64,947.00
What it said to watch
Hourly close above 64947 extends the impulse toward fresh highs
Failure to hold 64165 threatens the breakout and reopens 63811
PPI Jul 15 12:30 UTC and Warsh testimony 14:00 UTC could materially shift this read
BTC carved a week low at 61,703 mid-window before a sharp V-recovery on today's soft US CPI print (headline -0.4% MoM, core flat), reclaiming the 64,000 handle in one impulsive NY leg. Price is now consolidating just under the 64,947 week high after tagging it, holding well above a rising EMA(20). RSI cooled from overbought back toward 61 as the advance paused below resistance.
What it said to watch
H1 close above 64,947 week high opens the path toward the 65,000 psych level
Loss of the 64,000 round number would signal the recovery leg stalling
PPI (Wed 12:30 UTC) and Warsh testimony are the disinflation-confirmation risk that could reshape this read
Swept week low, reclaimed EMAs, consolidating under highs.
BTC swept the 61.7K week low overnight then ripped roughly 5% on the soft US CPI print (headline MoM -0.4%), reclaiming both EMAs and printing a week high at 64947. Price is now consolidating tightly around 64500, holding well above the 63760 weekly open. RSI(14) has cycled up into the mid-60s alongside the impulse without yet tagging overbought.
Support: 64,223.00, 63,760.00
Resistance: 64,947.00
What it said to watch
Sustained trade above 64947 week high opens continuation
H1 close back below 64223 day low would flag a lower high forming
US PPI (Wed 12:30 UTC) plus Warsh testimony is the disinflation-confirmation risk window and could reset this read
19:04 UTC
Recovery uptrend after V-bottom · RSI 64 · price 64,560.90
Higher lows off week low, coiling below week high.
BTC carved a V-bottom near 61,700 mid-window then ripped higher on the soft US CPI print, breaking the 63,900 shelf and tagging a 64,947 week high in the latest NY session. Price now consolidates in the mid-64,000s, holding above EMA20 with RSI(14) around 63 after cooling from the impulse. The 64,947 high caps the move while the 63,900 breakout level underpins the pullback.
What it said to watch
H1 close above 64,947 week high opens the path toward 65,000
Failure to hold 63,900 breakout reopens the 62,700 swing low
PPI Jul 15 12:30 UTC could materially shift this read
19:04 UTC
Uptrend, fresh impulse off base · RSI 66 · price 64,560.90
Recovery from range low, testing week high.
BTC ripped off the ~61,700 base into the NY session after the soft US CPI print (headline 3.5% vs 3.8%), running to a week high at 64,950 before easing back to 64,560. RSI(14) is elevated near 66 after the vertical impulse, and price sits well above EMA(20) with the breakout structure intact. The move stalled just shy of the ~$65K psych level.
What it said to watch
H1 close back below 63,900 breakout area negates the impulse structure
Sustained trade above 64,950 opens the path to the $65K psych level
PPI Jul 15 12:30 UTC could shift this read — a hot print risks a fade
Higher high off midweek low, consolidating near week high.
BTC sold off through midweek to a 61,775 low before a sharp rally back to 64,947 this session, driven by soft US CPI across the board that eased rate-hike fears. Price broke above the 62,700 base and now holds well above EMA20 and EMA50 with RSI elevated near 63. Consolidating just under the week high after the impulse.
What it said to watch
H1 close above 64,947 opens the path toward the 65,000 psych level
Failure to hold the 63,900 breakout base returns focus to the prior base
Fed's Bowman (~19:00 UTC) and Warsh testimony Wed could materially shift this read
BTC ripped off the 61,700 low into the NY session on the soft US CPI print (headline YoY 3.5% vs 3.8% f/c), tagging 64,947 before easing to 64,570. Price sits well above EMA20/50 with RSI stretched near 68 after the vertical impulse. The 63,900 breakout shelf now caps the base below, while 64,947 is the level that stalled the advance.
What it said to watch
H1 close above 64,947 week high opens continuation toward the 63K supply wall zone noted in context
Failure to hold the 63,900 breakout shelf negates the impulse and reopens the 62,700 base
Fed's Bowman ~19:00 UTC could reprice the CPI-driven move
Wed PPI batch (12:30 UTC) a material risk to this read
17:05 UTC
Uptrend, sharp recovery leg · RSI 69 · price 64,665.78
Higher highs off YTD-low base.
BTC ripped higher into the NY session after the soft US CPI print, clearing the 63K wall and tagging a week high at 64947 before easing to 64665. Price sits well above a rising EMA(20) with RSI(14) stretched near overbought after the near-vertical move off the 61703 base. Pullbacks have so far held above the 63900 breakout shelf.
Support: 63,900.00
Resistance: 64,947.00
What it said to watch
H1 close back below 63900 would negate the breakout retest
Fed speakers (Goolsbee, Cook, Bowman) today could shift risk tone
PPI Wed 12:30 UTC is a key risk to this recovery read
17:05 UTC
Uptrend, fresh impulse · RSI 68 · price 64,665.78
Higher lows off week low, breakout above range.
BTC ripped roughly $3,200 off Monday's 61,700 low, accelerating through the NY session on the soft US CPI miss to tag 64,947 before easing to 64,665. Price now holds above both EMAs with RSI(14) pushed into the high 60s, and the 63,900 breakout shelf is the immediate pivot on any pullback. The $63K supply wall flagged in the macro read has been cleared, leaving 64,947 as the near-term ceiling.
What it said to watch
H1 close back below 63,900 negates the breakout read
Loss of 64,165 pullback low would signal momentum stalling
PPI Wed 12:30 UTC and today's Fed speaker slate could shift this read
BTC has staged a sharp V-recovery off the 61,703 week low, clearing the 63,000 supply wall and printing a fresh week high at 64,947 on the soft US CPI miss during the NY session. RSI(14) is pushing into overbought near 71 as price runs well above EMA20 and EMA50. The prior 64,277 breakout shelf now sits as first support on any pullback.
What it said to watch
Hold above 64,277 retest keeps the breakout intact; loss reopens the 63,000 supply wall
A stall below the 64,947 week high before 65,000 psych signals momentum fading
PPI tomorrow 12:30 UTC (core YoY f/c 5.2%) could reprice this dovish-driven move
BTC based twice near the ~61,700 YTD-low area early in the week before a sharp rally into the NY session broke the $63K supply wall, printing 64,947 on the soft US CPI miss (headline -0.4% MoM). Price now holds above EMA20 and EMA50 with RSI stretched into the low-70s, so this leg is running hot. The prior $63K ceiling is the key flip level — it now sits as first support on any pullback.
What it said to watch
Failure to hold the 63,000 supply wall on a retest negates the breakout
RSI in low-70s signals stretched conditions; a stall below 64,947 session high caps the leg
PPI Wed 12:30 UTC (core YoY f/c 5.2%) could reverse the dovish CPI impulse
Fed speakers this afternoon may materially shift this read
15:04 UTC
Downtrend reversing, relief rally in force · RSI 66 · price 64,234.26
Recovered off week low, retesting week-open supply.
BTC sold off from the 64,300 week-open supply into a 61,700 week low midweek, then reversed hard as June's soft CPI miss (headline 3.5% vs 3.8%) and Warsh's dovish testimony eased dollar/real-yield pressure. Price has now fully retraced that leg on three strong H1 candles and is pressing back into the 64,300 area where earlier attempts capped. RSI(14) has cycled from oversold up toward 66, and price sits above both EMA(20) and EMA(50) for the first time since the drop.
What it said to watch
H1 close above 64,300 opens the path back to the 64,420 prior high
Rejection at the week high with a slip back under 63,000 reasserts the softer tone
Failure to hold 61,700 confirms a fresh lower low toward the 58K base
PPI on Jul 15 12:30 UTC and Fed speakers this afternoon could materially shift this read
15:04 UTC
Recovery off week low, into supply · RSI 68 · price 64,234.26
Sharp selloff reclaimed by strong bounce; approaching prior range top.
BTC sold off from the 64330 range top down to a 61775 week low across Sunday into Monday, then based and rallied hard after the soft US CPI print (headline YoY 3.5% vs 3.8% f/c) pushed real yields and the dollar lower. Price is now back at the prior range top with RSI cycling into the high-60s; the 64330–64420 supply wall that capped the week is directly overhead. The recovery has held a series of higher lows since the 61775 base.
Support: 63,700.00, 61,775.00
Resistance: 64,330.00, 64,420.00
What it said to watch
H1 close above 64420 clears the supply wall and opens the path higher
Rejection at 64330–64420 keeps the week's range top intact
Loss of 63700 would question the recovery structure
PPI tomorrow 12:30 UTC and afternoon Fed speakers are near-term risks to this read
BTC printed a run of lower lows into 61,700 mid-window before a sharp two-bar rebound to 63,900 on the soft US CPI print (core MoM 0% vs 0.2% f/c), reclaiming the 63,000 handle. Price now sits just under the 64,100 supply wall that has capped every attempt this week, with RSI(14) recovering back above 60. The last bar stalled below resistance ahead of Warsh testimony.
What it said to watch
Warsh testimony 14:00 UTC is the imminent driver and could shift this read
H1 close above 64,100 opens the path to the 64,419 week high
Failure to hold 63,000 reopens the 62,500 swing low
BTC slid from the 64,300 area early week to a week low near 61,700, then based through the NY session in a 62,000–62,800 range. Price broke sharply higher off the 12:00 UTC bar as the US CPI print landed, reclaiming 63,800 and pushing back above the EMA(20)/EMA(50) cluster. RSI(14) has swung out of oversold into the low 60s on that impulse, with the $63K supply zone now underfoot.
What it said to watch
Warsh testimony at 14:00 UTC could materially shift this read
Loss of 63,000 would put the higher-low sequence at risk
Close above 64,100 opens the path to the 64,300 week high
BTC slid from Monday's ~64,400 week open to a week low near 61,700 mid-week under macro/ETF-outflow pressure, then the last bar spiked ~1,100 to reclaim 63,800 on the soft US CPI print. That move pushed price back above EMA(20) and EMA(50) with RSI(14) recovering into the low-60s. The 63,920 session high and 64,100 prior range now sit as the immediate battleground.
What it said to watch
Hourly close above 64,100 opens the path back to the 64,414 week open
Failure to hold 62,800 reopens the 61,700 week low
Warsh testimony at 14:00 UTC could materially shift this read
12:04 UTC
Downtrend, stabilizing off lows · RSI 53 · price 62,796.84
Lower highs and lower lows, basing near week low.
BTC held a tight 63700-64400 range from Monday's open before breaking down through the NY session, sweeping to a 61700 week low as the ETF-outflow narrative and pre-CPI positioning weighed. Price has since ground back to 62800 above a rising EMA(20), with RSI(14) recovering off oversold toward the midline. The 63140 swing high caps the bounce while 62430 has held on the last retest.
Support: 62,430.00, 61,700.00
Resistance: 63,140.00
What it said to watch
US CPI at 12:30 UTC is a binary two-way catalyst that could override this structural read
Loss of 61700 confirms continuation of the lower-low sequence
H1 close above 63140 breaks the sequence of lower highs
BTC sold off through the middle of the week from the 64.6k area to a 61.7k low, then clawed back toward 62.7k on the dovish Fed backdrop noted in context. Price now sits above EMA(20) but below EMA(50), with the recovery building higher-lows and consolidating just under the 62.86k session high. RSI(14) has cycled back to neutral from oversold as the bounce matured.
Support: 61,700.00
Resistance: 62,860.00, 63,340.00
What it said to watch
US CPI at 12:30 UTC (~90m) is a two-way trigger that could override this read
H1 close above 62860 opens the path toward 63340
Failure to hold 61700 confirms a fresh lower-low
11:03 UTC
Downtrend, basing after selloff · RSI 54 · price 62,698.95
Bounce off week's low into recovery.
BTC sold off hard from the 64k region since Monday, bottoming near 61,700 where price carved a double base before this recovery leg. It has reclaimed the EMA20 and is grinding higher, but remains capped below the EMA50 with the 62,860 session high the first hurdle. The move sits entirely ahead of US CPI at 12:30 UTC, the two-way trigger for the next leg.
What it said to watch
US CPI at 12:30 UTC and Warsh testimony 14:00 UTC are the dominant catalysts for the next bars
Sustained close above 63,000 round number opens the path back toward the 64,360 weekly open
Loss of 61,703 swing low confirms a fresh lower-low and undercuts the base
10:04 UTC
Downtrend, bouncing off lows · RSI 49 · price 62,604.05
Lower highs and lows, now basing above week low.
BTC held a 63,800–64,400 range from Monday's open for two days before breaking down sharply into the NY session, sliding to a 61,775 week low as risk-off flows and record ETF outflows weighed. Price has since carved a series of higher lows back toward 62,600 and is now consolidating below the ~$63K supply wall. US CPI in ~2.75h is the immediate directional catalyst.
What it said to watch
US CPI at 12:30 UTC (~2.75h) could materially shift this read
H1 close above the 63,000 supply wall would neutralise the week's downtrend
Loss of the 61,775 week low confirms a fresh lower-low
09:05 UTC
Downtrend, stabilising off lows · RSI 46 · price 62,633.02
Lower highs, basing near week low.
BTC has trended lower through the week, sliding from the 64,300 area into a 61,700 week low during yesterday's NY session before basing. Price has recovered to ~62,600 and now sits back above EMA(20) but remains capped below EMA(50), with RSI(14) lifting off its lows into the mid-40s as the decline stalls. The bounce is holding near the 38% retrace of the drop, with the 63,000 round number the first overhead hurdle.
What it said to watch
H1 close above 63,000 would challenge the sequence of lower highs
Loss of 61,700 confirms a lower low and reopens downside
US CPI at 12:30 UTC and Warsh testimony 14:00 UTC could materially shift this read
BTC has trended lower all week, with the dominant leg a NY-session selloff on Jul 13 that flushed price from the 64K area down to a 61,703 swing low as fragile demand met the pre-CPI de-risking flagged in the digest. The last several hours have carved higher lows off that base back toward 62,500, with RSI(14) recovering from oversold and price reclaiming EMA20 while EMA50 still caps overhead. The 62,970 bounce high and the 63,340 supply wall define the near-term ceiling on this recovery.
What it said to watch
US CPI at 12:30 UTC and Warsh testimony 14:00 UTC are binary risks that could override this structure within the next bars
A close back below 61,703 confirms a fresh lower-low and negates the higher-low base
Reclaim of the 62,970 bounce high opens the path toward the 63,340 supply wall
BTC has bled from the 64.4k highs at the start of the week down into a 61.7k swing low, where buyers stepped in twice to form a base. Price is now consolidating just above the round 62k level and back over EMA20, with RSI(14) recovering off oversold toward the mid-40s. The 62.8k recent high caps the bounce, and the 63k supply wall flagged in the news remains the barrier for any broader recovery.
What it said to watch
US CPI at 12:30 UTC (~4h) is a binary event that can reset this read
H1 close below 61.7k swing low confirms a fresh lower low
Reclaim of 63k supply opens the path back toward the week's highs
07:04 UTC
Downtrend, stabilizing after bounce · RSI 52 · price 62,556.11
Sharp selloff, basing above week low.
BTCUSD sold off hard from the 64,300 Monday range, losing 63,000 and 62,000 into a week low near 61,700 as ETF-outflow anxiety and a firm dollar weighed. Price has since based and recovered to reclaim the 62,000 handle, with RSI(14) lifting off oversold to mid-range and price back above the H1 EMA(20). The 62,800 session high has capped the bounce, with the broken 63,000 area now the overhead supply.
What it said to watch
US CPI at 12:30 UTC is the binary catalyst and can override this structure
H1 close back below 62,000 reopens the 61,700 week low
BTC rolled over from the 64,300 week high into a steady decline, bottoming at 61,700 before buyers stepped in to reclaim the mid-62Ks. Price is now consolidating just above EMA(20) but capped below EMA(50), with RSI(14) recovering back toward the midline after washing out with the drop. The tape is coiling into today's US CPI at 12:30 UTC — the live catalyst after the week's slide.
What it said to watch
US CPI at 12:30 UTC is the primary catalyst and could materially shift this read
H1 close below 62,050 confirms a fresh lower low toward the 61,700 week low
Reclaim of 63,135 would break the sequence of lower highs
06:04 UTC
Downtrend, stabilising off lows · RSI 51 · price 62,672.98
Lower highs into a swing low, early higher-lows forming.
BTC rolled over from the 64000 supply wall during yesterday's NY session and flushed to a 61700 swing low as USD firmed into the CPI event. Price has since clawed back above EMA(20) on a run of higher-lows, but EMA(50) near 63000 still caps the recovery. RSI(14) has lifted back to the mid-50s and held above its prior low as price probed 61700, a mild bullish divergence into the bounce.
Support: 61,700.00, 60,000.00
Resistance: 63,000.00, 63,790.00
What it said to watch
US CPI at 12:30 UTC is the decisive catalyst and can override this structure
Hourly close above 63000 would break the EMA(50) cap and open 63790
Failure to hold 61700 confirms a fresh lower-low toward the 60000 handle
06:03 UTC
Downtrend, stabilising after selloff · RSI 47 · price 62,672.98
Lower lows into YTD-low zone, basing.
BTC sold off hard through yesterday's NY session, cutting from the 64,300 supply wall to a YTD-low print near 61,700 as tired spot demand met record ETF outflows. Buyers stepped in twice around 61,700-61,800 to form a double base, and price has since ground back above the H1 EMor(20) into 62,700, though the EMA(50) near 63,000 still caps. RSI(14) has lifted off oversold but sits mid-range, reflecting a stabilising, not yet reversed, tape.
What it said to watch
US CPI at 12:30 UTC is the decisive catalyst and could materially shift this read
H1 close above 63,000 (round/prior swing) would break the sequence of lower highs
Failure to hold 61,700 confirms a fresh lower low toward the sub-60K zone
05:05 UTC
Downtrend, bounce off lows · RSI 47 · price 62,649.01
Lower highs and lower lows, recovering.
BTC spent the first half of the week pinned near 64,000 before a sharp NY-session selloff dragged it to a 61,780 week low, breaking the prior range. Price has since clawed back above the H1 EMA20 to 62,649, with RSI(14) lifting off oversold as the decline momentum eases. The whole move is coiled ahead of US CPI at 12:30 GMT — the live driver per the digest.
What it said to watch
US CPI 12:30 GMT and Warsh testimony 14:00 GMT could reset this read
H1 close above 63,140 swing high opens the path back toward the 64,300 week high
Failure to hold 61,780 week low confirms a fresh lower-low
04:04 UTC
Downtrend, bounce off lows · RSI 45 · price 62,525.14
Lower highs, lower lows after range break.
BTC broke down out of the multi-day 63.7K–64.4K range and sold off to a 61.7K week low late in the window, positioning ahead of today's US CPI. Price has since clawed back to 62.5K but bounces have been capped near the 62.58K session high, leaving it below both EMA20 and EMA50. RSI(14) has lifted off oversold toward the mid-40s as the recovery holds.
Support: 61,703.00
Resistance: 63,000.00
What it said to watch
US CPI at 12:30 UTC is the dominant catalyst and could reset this read
Close above 63000 supply wall would neutralise the downside break
Failure to hold the 61703 week low confirms a fresh lower-low
04:04 UTC
Downtrend, bounce off lows · RSI 44 · price 62,525.14
Lower highs and lower lows after range break.
BTCUSD broke down from the 64000-64400 band it held since Monday, sliding to a swing low at 61780 into NY hours yesterday before a shallow recovery to 62525. Price trades below both EMA20 and EMA50 with RSI(14) lifting off oversold to near 44. The 63000 psych level now caps as prior support flips to resistance ahead of US CPI at 12:30 UTC.
Support: 61,780.00
Resistance: 63,000.00, 64,000.00
What it said to watch
US CPI at 12:30 UTC is the dominant catalyst and could reprice this leg
Hourly close back above 63000 would challenge the downtrend read
Loss of the 61780 swing low confirms continuation lower
03:04 UTC
Downtrend, bouncing off lows · RSI 45 · price 62,497.17
Lower highs, lower lows after breakdown.
A sharp breakdown through yesterday's NY session dragged BTC off the 64,000 shelf that held since Monday, sweeping to 61,700 before a bounce back to 62,500. Price trades below both EMA20 and EMA50 with RSI(14) recovering off oversold. The ~63,000 supply wall now caps, and a pivotal US CPI print at 12:30 UTC is the dominant catalyst.
What it said to watch
US CPI at 12:30 UTC could materially shift this read
H1 close above 63,000 supply wall challenges the downtrend
Failure to hold 61,700 opens a re-test toward the $58K YTD low
03:03 UTC
Downtrend, bounce off lows · RSI 44 · price 62,497.17
Lower highs and lower lows since Monday.
BTC has been in a clean downtrend since Monday, rolling over from the ~64,600 highs and accelerating lower through yesterday's sessions to print a 61,703 swing low. Price is now grinding back toward 62,500 but sits below both EMA20 and EMA50, with the ~63K supply wall capping recovery attempts. The move is running into US CPI (12:30 UTC) and Warsh testimony (14:00 UTC), the dominant catalysts for the next leg.
What it said to watch
US CPI at 12:30 UTC and Warsh at 14:00 UTC could materially shift this read
H1 close above 62,830 bounce high challenges the descending lower-highs
Failure to hold 61,700 swing low confirms continuation lower toward the YTD floor
Price spent the first half of the window ranging 63700–64600 before a sharp break lower dragged it from ~64300 to a 61700 swing low. That impulse dropped RSI(14) into oversold and price is now bouncing back toward 62830, still well below EMA20/EMA50 with the 63340 prior-support-turned-resistance capping. The fragile two-way tape reflects tired sentiment into today's US CPI.
Support: 61,700.00
Resistance: 62,830.00, 63,340.00
What it said to watch
H1 close above 63340 negates the range-break breakdown
US CPI at 12:30 UTC and Warsh testimony at 14:00 UTC could materially shift this read
Failure to hold 61700 opens the path toward the lower ~58K zone
01:05 UTC
Downtrend, bouncing off lows · RSI 43 · price 62,458.22
Lower highs and lower lows, near-term relief bounce.
BTCUSD has trended lower since midweek, accelerating through the Asia session where price sliced from the 64000 area to a 61700 swing low. Both EMAs cap from above and RSI(14) is recovering off oversold as the last two bars bounced toward 62500. Prior support near 62830 now acts as resistance, with the ~63140 swing high the next cap overhead.
Support: 61,700.00
Resistance: 62,830.00, 63,140.00
What it said to watch
US CPI at 12:30 UTC (~12h) could materially shift this read
H1 reclaim of 62830 would ease the lower-high sequence
Failure to hold 61700 confirms continuation of the lower-low structure
Lower highs and lower lows since yesterday's NY session.
BTC broke down out of the 64000-64500 consolidation that held from Monday into yesterday's NY session, sliding ~2600 points to a week low near 61700 as the tape stayed heavy below the $63K supply wall. Price now sits below both EMA20 and EMA50 with RSI(14) recovering off oversold to ~40 as buyers step in around 62000. The bounce so far is corrective within the down leg.
Support: 62,000.00, 61,700.00
Resistance: 62,900.00
What it said to watch
Reclaim of 62900 lower high would question the downtrend
Failure to hold 61700 confirms continuation of lower lows
US CPI Thu 12:30 UTC then Warsh testimony 14:00 UTC could materially shift this read
BTC broke down from the 64K consolidation that had capped price since Monday, sliding to a week low near 61,700 before a modest bounce back to 62,270. RSI(14) is recovering off the lows near 41 while price trades below both EMA(20) and EMA(50). The 63K supply wall flagged in the digest remains untested since the breakdown.
What it said to watch
H1 close back above 63,000 would negate the breakdown read
Failure to hold 61,700 opens continuation toward the 60,000 psych level
US CPI (12:30 UTC) plus Warsh testimony are imminent catalysts that could reset this read