21:47 UTC
Downtrend, stalling in a tight weekend range · RSI 55 · price 77,466.69
Lower highs from 81893; 77035–77700 range above the week low.
BTC peaked at 81893 Thursday and broke lower into the NY session. Strong GDP and sticky core PCE left little dovish support, and the drop ran to 76437 by Friday's Asia session. Friday's NY session set a marginal lower low at the 76227 week low, but RSI(14) held well above its Thursday-night trough, a bullish divergence on the move. Saturday's thin trade has compressed into a 77035 range low to 77700 range high band. Price is pinned to EMA(20) near 77440, below EMA(50) and the 23.6% retracement of the sell-off near 77565, and the lower highs line from the 78723 bounce high caps the range.
Support: 77,440.00, 77,035.00, 76,227.00
Resistance: 77,700.00, 78,001.00, 78,723.00
What it said to watch
- H1 close above the 77700 range high and the lower highs line puts the 78001 lower high back in play
- Reclaiming the 78001 lower high exposes the 78723 bounce high and the 38.2% fib near 78390
- Loss of the 77035 range low exposes the 76227 week low; a close beneath it extends the lower-low sequence and voids the divergence
- Repeated H1 closes back under ema20 near 77440 would keep the range drifting toward its lower half
- Thin weekend liquidity, then ISM Manufacturing and Prices Paid (Mon Nov 2, 15:00 UTC) and the Nov 3 midterms, could materially shift this read