09:21 UTC
Downtrend, accelerating · RSI 28 · price 62,594.07
Lower highs, broke multi-week support.
BTC topped near 82,700 in mid-April and built a double top into early May before rolling over into a steady chain of lower highs. The last week saw the decline accelerate, slicing through the 67,000 broken-support shelf and printing a swing low at 61,037; price sits below both EMA(20) and EMA(50) with D1 RSI near 28, the most stretched it has been in this window. The move fits the macro digest's risk-off lean as BTC trades like a high-beta proxy into today's US NFP.
What it said to watch
- Loss of the 61,037 swing low opens the 60,000 psych level
- Daily close back above 67,000 broken-support would ease the breakdown
- US NFP at 12:30 UTC could materially shift this read via the USD/yield reaction