Every read JAFX AI made on the BTC/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:06 UTC
Downtrend recovering off base · RSI 59 · price 66,513.75
Double bottom near 58k, higher lows into 66.9k.
Multi-month downtrend from May's 82.7k peak dragged price to a June low near 57.7k, where a double bottom formed. Since then price has carved higher lows and reclaimed both EMA20 and EMA50, recovering into the 66.9k swing high. No BTC-specific catalyst — the tape is drifting with a soft-but-rebounding USD and broad risk sentiment ahead of Friday's US PMIs.
Support: 64,000.00
Resistance: 66,900.00
What it said to watch
- Daily close above 66900 opens the path toward 68k then 73.9k
- Failure to hold 64000 questions the recovery and the higher-low chain
- US S&P Global PMIs Fri could shift the USD/risk read behind this move
21:06 UTC
Recovering after downtrend, higher lows · RSI 61 · price 66,513.75
Basing off June low, reclaiming EMAs.
The dominant D1 trend rolled over from the April peak near 82,700, bleeding down to a June low around 57,800. Since then price has carved a chain of higher lows and reclaimed both EMAs, grinding back to 66,500 and now pressing the July high at 67,200. With no fresh crypto catalyst, BTC is drifting as a risk proxy on a soft-but-rebounding USD, range-bound into Friday's US PMIs.
What it said to watch
- Daily close above 67,200 opens the path toward the 70,000 psych level
- Failure to hold 64,000 threatens the recovery and reopens 62,000
- US S&P Global PMIs Fri could shift the USD/risk read for BTC