21:02 UTC
Uptrend, momentum fading · RSI 46 · price 75,874.44
Pullback from 82.7k high, testing prior breakout zone.
Three-month uptrend off the late-February 65k base remains intact, with price holding above a rising EMA(50) near 73k. The May leg up stalled at 82.7k as RSI failed to confirm new highs, and the last two weeks have unwound that move down to the prior breakout shelf at 75.5k. Structure is still higher-lows on a weekly cadence, but momentum has clearly cooled.
What it said to watch
- Daily close below 75.5k swing low would break the higher-low sequence
- Loss of 73.2k prior high opens room toward the 70.4k march pivot
- Reclaim of 78.8k swing would re-engage the cycle high at 82.7k