Every read JAFX AI made on the BTC/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:06 UTC
Downtrend, relief bounce off lows · RSI 33 · price 63,850.68
Lower highs and lower lows since April peak.
BTC topped near $82.7K in mid-April and carved a multi-week rounded top before rolling into a sharp downtrend over the past two weeks. Friday's blowout NFP (172K vs 85K) revived hawkish-Fed pricing and accelerated a capitulation flush to the $59,137 swing low, with the current bounce stalling near the $64K pivot. Price trades well below a falling EMA(50) on D1, and RSI(14) is turning up out of oversold but the $67.4K broken low and $73.7K swing high cap any recovery.
What it said to watch
- Daily close above $64K (reclaim pivot) would challenge the downtrend structure
- Failure to hold $59,137 swing low opens continuation toward the cited $48.7K bear floor
- US CPI Wed 12:30 UTC could materially shift this read
21:06 UTC
Downtrend, capitulation bounce · RSI 35 · price 63,850.68
Lower highs / lower lows, washout low 59137.
Three-week selloff from the 82.7K peak accelerated this week into a sub-60K washout, dragging daily RSI to deeply oversold as the blowout NFP (172K vs 85K) revived hawkish-Fed pricing and pressured risk assets. Price is now bouncing off the 59137 low back toward the 64K reclaim pivot, but EMA(50) sits far overhead and the swing structure of lower highs and lower lows is intact. Overhead supply stacks at the 67-68K swing high and 73.7K prior support.
Support: 59,137.00
Resistance: 67,453.00, 73,704.00
What it said to watch
- Daily close above the 64K reclaim pivot would ease the downside pressure
- Failure to hold 59137 opens the path toward the 48,694 floor
- Bounce stalling near the 67453 swing high or 73704 prior support confirms overhead supply
- US CPI Wed 12:30 UTC could materially shift this read