21:02 UTC
Downtrend, recent break of multi-month base · RSI 36 · price 74,410.05
Lower highs since 82,670 peak; price below EMA20/50.
Quarter-long uptrend rolled over after a double top at 82,670 in early May, with price breaking the 75,500–77,800 shelf this week and accepting below both EMA20 and EMA50. Today's close at 74,410 prints a fresh lower low, and RSI(14) at 36 is approaching but not yet at oversold. The April base at 70,400 is the next major reference for swing structure.
What it said to watch
- Daily close back above 77,810 broken shelf would neutralise the lower-high sequence
- Sustained acceptance below 73,217 prior swing opens path to 70,400 Apr base
- Ongoing US-Iran ceasefire headlines and Fed hawkish tone (Musalem) are macro variables that could shift risk sentiment