21:05 UTC
Downtrend, momentum slowing · RSI 41 · price 62,557.11
Lower highs, lower lows since late-April peak.
BTC has been in a clean downtrend since the late-April peak near 82,700, shedding roughly 23K over the following weeks with price holding below a falling EMA(50). The last two weeks accelerated the slide toward the 59,137 swing low before stabilising; sticky US inflation (CPI 4.2% YoY) and a 4th day of ETF outflows have kept the inflation-hedge bid absent. Price is now consolidating just above the 62,500 psych level after a relief bounce, capped by the 63,700 multi-day peak.
What it said to watch
- Daily close below 62,500 opens probe toward the 59,137 swing low
- Close above 63,700 multi-day peak would ease the immediate downside pressure
- Michigan Sentiment Fri 14:00 UTC could shift the risk tone for this read