21:02 UTC
Uptrend rolling over · RSI 47 · price 77,296.87
Lower high printed, testing rising support.
Two-month uptrend from the late-February 65k base topped at the 82.67k cycle high in early May, with a second push to 81.9k printing a lower high and bearish RSI divergence. Price has since lost the EMA20 and is now grinding sideways between the 75.6k swing low and the 79.4k lower high, with the EMA50 still rising underneath. Structure has shifted from impulsive to corrective over the last two weeks.
What it said to watch
- Daily close below the 75.6k swing low confirms a lower-low and threatens the EMA50
- Daily close back above the 79.4k lower high neutralises the double top read
- Failure to hold 74.2k prior low opens the 73.2k March pivot