21:05 UTC
Downtrend, extending lower · RSI 32 · price 58,632.43
Lower highs and lower lows, fresh multi-week low.
BTC has been in a sustained downtrend since the ~82,600 peak in late May, now trading sub-60k and printing its lowest levels of the window near 58,060 as the quarter closed deep in the red. Price sits well below the EMA(50) and the ~62,400 200-week average, and RSI has cycled into oversold territory alongside the news-flagged TD9 bounce signal. The 60,800 zone caps recent recovery attempts while the 57,800 local low remains the pivot for bear continuation.
What it said to watch
- Daily close below 57,800 local low confirms bear continuation
- Reclaim of 60,800 resistance needed to validate an oversold bounce
- US NFP Jul 2 12:30 UTC could materially shift this read via rate expectations