19:37 UTC
Downtrend, ~50% off peak · RSI 44 · price 63,797.74
Lower highs and lower lows since Q4 peak.
Downtrend since the October peak near 126,000 — BTC has shed roughly 50% and now consolidates in the low-$60Ks, far below a falling W1 EMA(50) that confirms a multi-quarter corrective regime. A double top around 125,000–126,000 capped the advance before the breakdown accelerated through Q1, slicing through prior support at 74,000. Price is now pressing the $60,000 psychological support after a sharp leg to a 59,137 swing low, with resilient US data and a hawkish-leaning Fed capping risk appetite.
What it said to watch
- Weekly close below $60,000 opens deeper downside toward the swing low
- Reclaim of $67,000 supply needed to flip near-term structure
- Tue S&P Global PMIs / hawkish-Fed tone could extend the risk-off read