19:04 UTC
Downtrend, multi-quarter · RSI 35 · price 63,513.05
Lower highs / lower lows since Q4 peak.
Regime is a sustained downtrend off the ~126K peak set in Q4 2025; price has more than halved to 63.5K and sits well below the W1 EMA(50), confirming a broken macro structure. The slide is driven by relentless ETF outflows and a hawkish Fed/USD bid, with the $64-67K supply zone repeatedly capping bounces. RSI is depressed but not yet at a washout extreme, leaving room for further downside while $59K holds as the line in the sand.
Support: 59,000.00
Resistance: 67,000.00
What it said to watch
- W1 close below 59000 liquidity pocket opens path to new 2026 lows
- Reclaim of the 67000 supply zone needed to challenge the descending resistance off the Q4 peak
- S&P Global PMIs (Jun 23) and Core PCE (Jun 25) could reinforce or unwind the USD-driven pressure