19:02 UTC
Uptrend broken, sharp reversion underway · RSI 32 · price 63,137.47
Lower highs from 126k peak, breaking long-base support.
The macro regime has flipped: after a double top around 125k-126k in late September and early October, price has unwound the entire post-July advance and now sits at 63k, below both W1 EMA20 and EMA50. The weekly low at 61245 prints the lowest level since April and breaks the long-base support that held through Q1-Q2. RSI(14) at 32 is approaching oversold but the structure of lower highs and lower lows is firmly in place.
Support: 61,245.00, 60,038.00
Resistance: 74,550.00
What it said to watch
- Weekly close back above 74550 would neutralise the downtrend read
- Loss of 60038 Apr swing low opens path toward the 50k psych area
- RSI dipping below 30 on a further leg down would mark oversold extreme
- Risk-off rotation out of speculative assets remains the dominant macro backdrop