BTCUSD is in a steep multi-day downtrend, slicing from the ~78K early-window high into a sub-$60K capitulation, with the latest bar tagging 60044 — the strong NFP beat (172K vs 85K) revived rate-hike fears and compounded ETF-outflow/Strategy-seller pressure. Structure is cleanly lower highs and lower lows, price trades far below both EMA20 and EMA50, and ATR(14) is expanding as the slide extends. RSI(14) near 22 marks deep oversold, but momentum has yet to stall at the 60000 psych level.
Support: 60,000.00
Resistance: 63,600.00
What it said to watch
H4 close below 60000 psych confirms the next lower low
Reclaim of 63600 prior range needed to ease the downtrend read
US CPI Jun 10 12:30 UTC could materially shift this read
BTC is in an accelerating H4 downtrend, sliding from the mid-78k area to sub-62k with an uninterrupted run of lower highs and lower lows — the worst weekly stretch since mid-2024 as ETF outflows and broken Nasdaq correlation dominate. The hawkish 172K NFP beat added pressure, and price is now grinding the 61k swing-low shelf after losing the prior 70k support. ATR(14) is in clear expansion, consistent with trend continuation rather than basing.
Support: 60,000.00, 48,700.00
Resistance: 64,835.00
What it said to watch
H4 close below 60000 confirms the next lower-low and opens the 48700 target
Reclaim of 64835 would be the first sign of relief from the downtrend
US CPI Wed 12:30 GMT is the next high-impact catalyst for this read
BTC has carved a persistent series of lower highs and lower lows since the rollover from the ~78,000 region, accelerating sharply over the last week as USD firmed on hawkish-Fed repricing. ATR(14) is expanding as the decline extends, with price well below both EMA20 and EMA50; the latest bar swept down to 61,037 before closing back near 62,947, leaving a tentative bullish RSI divergence against the prior low. NFP and Average Hourly Earnings (~3.5h) is the dominant near-term risk into the close.
What it said to watch
A H4 close back above 64,617 would challenge the descending structure
Failure to hold 61,037 confirms continuation of the lower-low sequence
BTCUSD remains in a clean H4 downtrend, printing successive lower highs and lower lows as price slid from the 74k region toward 61245. The drop accelerated this week with ATR(14) expanding, and BTC is trading purely on macro/rates into NFP with no crypto-specific catalyst. Last several bars consolidated in the low-63k area before the latest leg lower toward the 61245 swing low.
Support: 61,245.00, 60,000.00
Resistance: 64,601.00
What it said to watch
Failure to hold 61245 opens the path toward the 60000 psych level
H4 close back above 64601 would challenge the lower-high structure
US Nonfarm Payrolls in ~7.5h could materially shift this read
01:04 UTC
Downtrend, extending · RSI 28 · price 63,674.88
Lower highs, lower lows.
BTC remains in a clean H4 downtrend, carving successive lower highs and lower lows since the mid-window roll-over near 78k, with the decline accelerating through 67k into the low-64k area on firm USD and hawkish Fed pricing into NFP. Price tagged 61245 before a modest bounce to 63674, but it sits well below both EMA20 and EMA50. ATR(14) is expanding, consistent with a trending, not compressing, regime.
Support: 61,245.00, 60,000.00
Resistance: 64,600.00
What it said to watch
H4 close back above 64600 would challenge the lower-high sequence
Failure to hold 61245 confirms continuation lower toward 60000 psych
US Nonfarm Payrolls ~14h out could materially shift this read