09:20 UTC
Uptrend, fresh highs · RSI 67 · price 80,206.67
Higher highs, higher lows since early April.
Multi-week uptrend remains intact, with price clearing the prior 75,900 swing high in late April and pushing to a fresh 82,670 ATH this week. The last two sessions have pulled back to 80,200 after rejecting 82,670, leaving a small consolidation just under the highs while EMA20 and EMA50 remain rising and supportive. RSI at 67 is elevated but not stretched, and the structure of higher lows from the 65,500 February base is unbroken.
What it said to watch
- Daily close back below 79,000 prior breakout would invalidate the breakout read
- Sustained close above 82,670 ATH extends the uptrend
- Loss of 76,000 swing low confirms a lower-high structure shift
- Firm US CPI print this week (Wells Fargo flagging headline near 3.8%) could materially shift this read