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, basing after decline · RSI 55 · price 63,771.77
Lower highs off April peak, base building near 58K.
BTC has been in a multi-week downtrend since the late-April peak at 82.7K, bottoming near 57.7K in late June after a sharp risk-off leg. The last two weeks show a base forming above 58K with a recovery back to the 63K supply wall, driven by the dovish-Warsh relief bid, though eight straight weeks of ETF outflows have capped the bounce. Price sits back above EMA20 but remains below a still-falling EMA50, so the recovery is corrective within the larger decline.
What it said to watch
- US CPI Tue Jul 14 12:30 UTC is the dominant catalyst — a soft print could squeeze toward the 64.6K swing high, a hot print re-arms sellers toward the 57.7K ytd low
- Daily close above 64.6K swing high opens the path to the 66.4K prior high
- Failure to hold the 60K handle reopens the 57.7K ytd low
21:06 UTC
Downtrend easing, basing off lows · RSI 55 · price 63,771.77
Recovery off double bottom below falling EMA50.
BTC rolled over from the late-April 82.7K peak into a two-month downtrend, capitulating from 73K to sub-60K in early June before carving a double bottom near the 57.7K ytd low. Price has since ground back to 63.8K on the dovish-Warsh relief bid, but sits below a still-falling EMA50, framing the last three weeks as a base-building range rather than a trend turn. The 64.6K swing high caps the recovery, with the 60K handle the pivot back toward the ytd low.
Support: 57,741.00
Resistance: 64,620.00, 67,183.00
What it said to watch
- US CPI Tue Jul 14 12:30 UTC is the dominant catalyst and could reset this read
- Daily close above 64620 swing high opens the path toward the 67183 prior high
- Failure to hold the 60k handle reopens the 57741 ytd low