BTC/USD AI Live Scan, 1-hour chart, Thursday, 12 November 2026
Every read JAFX AI made on the BTC/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:03 UTC
Downtrend, oversold and compressing · RSI 24 · price 71,392.38
Lower highs since Monday; post-drop range above week low.
BTC has carved lower highs since Monday's 75,504 week high. Tuesday's hot core CPI pushed price through 73,000, and Thursday's NY-open leg, in step with the Nvidia-led tech sell-off, extended to a 71,166 week low. Since then price has compressed in a roughly $900 band below a falling EMA(20) at 72,309 and EMA(50) at 73,115, with RSI(14) oversold at 24.1 but holding above its 19.4 trough as closes slipped, a tentative bullish divergence, while the 72,126 bounce high and Tuesday's CPI low at 72,630 sit overhead.
Support: 71,165.63, 70,000.00
Resistance: 72,125.57, 72,308.93, 72,630.01
What it said to watch
H1 close below the 71,166 week low exposes the 70,000 psych handle
Reclaim of the ema20 and the 72,126 bounce high would ease the lower-highs read; the CPI low at 72,630 marks the 23.6% fib area of Thursday's drop
Fed's Williams at 23:30 UTC tonight and US PPI Fri 13:30 UTC could materially shift this read
RSI holding above 19.4 on a new low would confirm the bullish divergence
22:04 UTC
Downtrend, oversold and compressing · RSI 25 · price 71,417.35
Lower highs since Monday; tight base above the week low.
BTC trades about $3,000 below Sunday's open, with lower highs intact since Monday's 75,474. Tuesday's hot CPI and Thursday's Nvidia-led risk-off delivered the two main legs, and Thursday's slide through the London-NY transition printed a week low at 71,166. Since then price has compressed between 71,280 and the 72,126 bounce high, below a falling EMA(20) at 72,412, with RSI(14) near 25 in oversold territory.
Support: 71,165.63, 70,000.00
Resistance: 72,125.57, 72,412.35, 72,630.01
What it said to watch
An H1 close below the 71,166 week low extends the lower-low sequence toward the 70,000 psych level
A reclaim of the bounce high at 72,126, then EMA(20) at 72,412 near the 38.2% fib of the Wednesday–Thursday leg, would break the compression
Tuesday's CPI low at 72,630 sits just above as former support
Fed's Williams at 23:30 UTC tonight and US PPI Fri 13:30 UTC could materially shift this read
A further break below the lower-highs trendline from Monday's high would keep the decline orderly. A close above it would mark the first structural change of the week
21:03 UTC
Downtrend, oversold after breakdown · RSI 22 · price 71,389.38
Range break lower; lower highs and a fresh week low.
BTC broke out of the week's 72,630–75,600 range to the downside during Thursday's NY session. The Nvidia CEO exit and Strategy's MSCI removal drove a slide from 73,400 to a 71,165 week low, extending the lower-highs sequence from Monday's 75,474 through Wednesday's 74,690. Price sits below a falling EMA(20) at 72,512 and EMA(50) at 73,258, the post-low bounce stalled at the 72,126 bounce high, and ATR(14) has expanded to roughly $475 per bar. RSI(14) at 21.9 is oversold and marginally above its 19.4 trough despite a lower close, while overhead the 38.2% fib lines up with ema20 near 72,512, just below Tuesday's CPI low at 72,630.
Support: 70,000.00
Resistance: 72,125.57, 72,512.35, 72,630.01
What it said to watch
Failure to hold the 71,165 week low exposes 70,000 psych, the channel floor flagged in the market digest
An H1 close back above the 72,126 bounce high and the ema20 at 72,512 would mark the first higher high since the breakdown
Reclaiming Tuesday's CPI low at 72,630 would put price back inside the prior range and weaken the breakdown read
Fed's Williams at 23:30 UTC tonight and US PPI Friday at 13:30 UTC could materially shift this read
A higher RSI(14) trough on a new price low would confirm the tentative bullish divergence off oversold
20:03 UTC
Downtrend, oversold after a liquidation flush · RSI 24 · price 71,515.24
Lower highs and lower lows, tight base above week low.
BTC has carved lower highs since the 75,689 weekly open. Tuesday's hot core CPI cracked the 74,000 area, and today's Nvidia- and MSCI-led de-risking around the NY open extended the slide to a 71,166 week low as long liquidations hit. Price sits below both a falling EMA(20) at 72,635 and EMA(50) at 73,336, with RSI(14) oversold at 24 and ATR expanded on the flush. Since then price has held a narrow 71,166–72,126 band, below the bounce high and well beneath the Tuesday CPI low that now lines up with the ema20.
Support: 71,165.63, 70,000.00
Resistance: 72,125.57, 72,635.29, 73,336.21
What it said to watch
H1 close below the 71,166 week low resumes the lower-low sequence and puts the 70,000 psych level in focus
Recovery through the 72,126 bounce high brings the ema20 / Tuesday CPI-low confluence near 72,635 into play, with the 38.2% fib of the week's drop at 72,908
Lower-highs trendline from Monday's 75,474 high now sits near 74,400; the ema50 at 73,336 is the first test before it
Fed's Williams at 23:30 UTC and US PPI on Fri 13:30 UTC could materially shift this read
Lower highs since Tuesday; Tue–Wed range broken lower.
BTC has printed lower highs since Tuesday's 75,330 peak, and Wednesday's 74,719 recovery high failed. Thursday's slide into the NY open then broke the 72,630 cpi low and printed a week low at 71,166, as the Nvidia shock, the MSTR index removal and spot ETF outflows weighed. RSI(14) is oversold at 24.8 after a 19.4 trough and ATR(14) has expanded to ~49,900 pips, while the 72,126 bounce high has kept price below a falling EMA(20) at 72,746 and EMA(50) at 73,408.
Support: 71,165.63, 70,000.00
Resistance: 72,125.57, 72,630.01, 72,746.15
What it said to watch
An hourly close back above the 72,630 cpi low and ema20 at 72,746 would neutralise the range-break read
Failure to hold the 71,166 week low exposes the 70,000 psych level
A move through the 72,126 bounce high toward the 38.2% of the Wed–Thu leg near 72,523 would test whether supply caps the first retracement
Fed's Williams at 23:30 UTC and Friday's US PPI at 13:30 UTC could materially shift this read
18:03 UTC
Downtrend, oversold after Thursday leg lower · RSI 26 · price 71,733.00
Lower highs since Sunday; Wednesday range broken, post-CPI low lost.
Lower highs have stepped down from Sunday's 75,880 open area through Wednesday's 74,719 bounce high. Thursday's London-into-NY-open slide broke the Wednesday range and Tuesday's post-CPI low at 72,630, printing a week low at 71,166 as the Nvidia/Huang risk shock and ETF outflows hit. Price sits below a falling EMA(20) and EMA(50), with RSI(14) oversold at 26.1 after a 19.4 trough and ATR expanding to roughly $500 per bar.
Support: 71,165.63, 70,000.00
Resistance: 72,630.01, 72,860.16, 73,479.02
What it said to watch
Hourly close below the 71,166 week low exposes the 70,000 psych level
Reclaim of the 72,630 cpi low and then the ema20 near 72,860 would mark the first break in the lower-high sequence
Hourly close above the lower-highs trendline and the ema50 at 73,479 invalidates the downtrend read
Fed's Daly and Schmid within the hour, then US PPI Fri 13:30 UTC, could materially shift this read
17:03 UTC
Downtrend, oversold after range break · RSI 22 · price 71,620.13
Lower highs since Monday; Tuesday's CPI low broken, new week low.
Lower highs from Monday's 75,474 to Wednesday's 74,719 gave way during today's NY session. Price broke Tuesday's post-CPI prior low at 72,630 and fell to a week low at 71,166 as the Nvidia CEO exit dragged tech and BTC lower. Price sits below EMA(20) at 72,972 and EMA(50) at 73,548, both now sloping lower, while RSI(14) at 21.8 is oversold and ATR(14) has expanded to about $505 from near $380 earlier today. The first bounce stalled at 72,126, the bounce high, leaving price compressed just above the week low.
Support: 71,165.63, 71,000.00
Resistance: 72,125.57, 72,630.01, 72,971.65
What it said to watch
H1 close back above the 72,630 prior low, near the 38.2% retracement of the wed-thu drop at ~72,520, would turn today's break into a false break
Failure to hold the 71,166 week low extends the lower-low sequence toward the 71,000 psych level
A move through the 72,126 bounce high and a reclaim of ema20 at 72,972 would be the first challenge to the lower highs
Fed's Daly and Schmid within 90 minutes, then US PPI Fri 13:30 UTC, could materially shift this read
Lower highs at 75,474 Monday and 74,719 Wednesday frame the week. Thursday's break of the 73,180–74,720 range accelerated into the first hours of NY as the Nvidia CEO shock dragged tech and crypto lower. That leg cut through Tuesday's CPI low at 72,630 and printed a swing low at 71,166. Price sits below a falling EMA(20) at 73,111 and EMA(50) at 73,625, RSI(14) is oversold at 21.4, and ATR(14) has expanded to roughly $486 per bar, with the psych 71k area, the lowest since mid-August, under immediate test.
Support: 71,165.63
Resistance: 72,630.01, 73,111.29, 73,625.16
What it said to watch
H1 close below the 71,166 swing low and psych 71k extends the lower-low sequence
Recovery back above the broken cpi low at 72,630, the 38.2–50% zone of the decline fib, would ease the breakdown read
Reclaim of ema20 (73,111) and then ema50 (73,625) needed to challenge the lower highs line
Fed's Goolsbee in ~30 min and Daly/Schmid later today could shift this read
US PPI tomorrow 13:30 UTC is the next high-impact catalyst for the $71K test
Lower highs since Wednesday; Tuesday CPI low broken.
BTC has carved lower highs off the 74,719 wed high, which capped Wednesday's NY-session bounce well short of $75K. During Thursday's NY session price broke the 72,630 tue cpi low set in the post-CPI flush, sliding to a 71,215 session low as the Nvidia-led tech selloff and rising yields weighed. Price sits below a falling ema20 (73,267) and EMA(50), with RSI(14) at 19.4 oversold and ATR expanding from about 37.9K to 48.6K pips over the last few bars.
Support: 71,214.57, 71,000.00
Resistance: 72,630.01, 73,267.10, 74,718.71
What it said to watch
Failure to hold the 71,215 session low exposes the 71,000 psych level
An H1 close back above the 72,630 tue cpi low would mark the break as a false break and weaken the downtrend read
RSI(14) at 19.4 is oversold; a higher RSI low on a new price low would flag bullish divergence
A break of the lower-highs trendline, or a reclaim of the ema20 near 73,267, changes the structure
The 38.2% retracement of the Wed-Thu drop (~72,550) sits just under the tue cpi low
Fed speakers this afternoon (Goolsbee 16:30, Daly 18:10, Williams 23:30 UTC) and Friday's 13:30 UTC PPI could materially shift this read
Lower highs at 75,474 and 74,719; Tuesday-Wednesday range broken to downside.
BTC has printed lower highs at 75,474 on Monday and 74,719 late Wednesday. Today's slide ran from the London session into the NY open, took out Tuesday's cpi low at 72,630 and set a fresh week low at 72,162, with five days of ETF outflows and the Nasdaq tech selloff adding to the post-CPI pressure. Price sits below a falling EMA(20) and EMA(50), ATR(14) has re-expanded to 42,548.5 pips (about $425) and RSI(14) is oversold at 26.3 after sliding from 59 since Wednesday evening.
Support: 72,161.53, 72,000.00
Resistance: 72,630.01, 74,718.71
What it said to watch
An H1 close back above the 72,630 cpi low would turn today's range break into a false break.
Failure to hold the 72,162 week low extends the lower-low sequence toward the 72,000 round number.
The 50% retrace of the Wednesday-Thursday selloff near 73,440 sits at the ema20, the first area to watch for rejection.
A close above the 74,719 lower high would break the lower-highs trendline structure.
Fed's Barr in under an hour, Williams at 23:30 UTC and today's 30Y auction could shift this read; Friday's 13:30 UTC PPI is the key catalyst.
Lower highs since Wednesday's 74,719 top, price back at Tuesday's CPI low.
BTC has given back the whole Tuesday-to-Wednesday recovery. It printed a sequence of lower highs from the 74,719 Wed high and broke out of the Asian range during the London session, falling to 72,663. That puts it just above the 72,630 CPI low, with price below a falling EMA(20) at 73,556 and EMA(50) at 73,851, and RSI(14) sliding from 61 to 31.6, close to but not yet oversold. Five days of ETF outflows and the Nvidia-led tech selloff frame the move, and ATR has ticked back up to about $404 after compressing through Wednesday.
Support: 72,630.01, 72,000.00
Resistance: 73,556.27, 73,850.78, 74,718.71
What it said to watch
Initial Jobless Claims at 13:30 UTC and the 30-year auction could materially shift this read
An H1 close below the 72,630 CPI low confirms a lower low and exposes the 72,000 round number
Recovery above the lower-high trendline and ema20 near 73,556 breaks the sequence; ema50 at 73,851 sits above
The 38.2-61.8% fib zone of the drop from the Wed high (73,448-73,933) caps any bounce while below
Core PPI tomorrow at 13:30 UTC is the next high-impact risk
Lower highs since Monday, retesting the CPI-day week low.
BTC has printed lower highs all week, from 75,474 on Monday to a rejection at 74,719 late in Wednesday's NY session, after the rebound retraced past the 61.8% of the CPI-leg fib. The London-morning drop to a 72,690 session low has put price back under EMA(20) and EMA(50), both now sloping lower, and has it retesting the 72,630 week low set after Tuesday's hot CPI. RSI(14) has slid from 61 to 32 and ATR expanded on the latest bar after two days of compression, against a backdrop of five straight days of ETF outflows and AI-equity weakness.
Support: 72,689.95, 72,630.01
Resistance: 73,631.17, 73,891.84, 74,718.71
What it said to watch
H1 close below the 72,630 week low confirms a lower low and extends the downtrend
RSI(14) below 30 would put the move into oversold territory
Recovery above the 73,892 ema50 and the lower-high trendline would neutralise the downtrend read
Initial Jobless Claims at 13:30 UTC (f/c 195K) and the 30Y auction could materially shift this read
A rejection at the 73,631 ema20 would keep the lower-high sequence intact
Lower highs since Monday inside a 72,630–74,720 post-CPI range.
BTC has carved lower highs since Monday's 75,474 peak. Tuesday's hot US CPI print drove the NY-session slide to the 72,630 week low. Wednesday's NY rebound met rejection at the 74,719 wed high and has since bled back below both the ema20 and ema50, which are now sloping lower, as ETF outflows and AI-equity weakness weigh. RSI(14) has eased from 61 to 40.6 and ATR has compressed to roughly $379, with price pressing the 73,180 thu low set during the London session.
Support: 73,180.41, 72,630.01
Resistance: 73,933.27, 74,718.71
What it said to watch
Hourly close below the 73,180 thu low exposes the 72,630 week low
Recovery and hold above the ema50 at 73,933 would break the lower-highs sequence read
Close above the 74,719 wed high invalidates the lower-highs structure
US initial jobless claims at 13:30 UTC (f/c 195K) and the Fedspeak slate could expand the compressed ATR
Fri 13:30 UTC US core PPI is the week's key catalyst for this read
Lower highs off 75,474; bounce from CPI low capped at 74,719, now retracing.
BTC has printed lower highs since Monday's 75,474 peak. Tuesday's hot US CPI drove a NY-session flush to the 72,630 week low, and Wednesday's NY rebound met rejection at the 74,719 swing high, which matched the CPI-spike high and sits on the lower-high trendline. Price has since slid back below EMA(20) at 73,744 and EMA(50) at 73,955 and now sits at the 61.8% retracement of that bounce. RSI(14) has rolled from 61 to 41 and ATR has compressed to roughly $388, consistent with a grind lower on persistent spot-ETF outflows rather than a fresh impulse.
Support: 73,180.41, 72,630.01
Resistance: 73,743.68, 73,955.19, 74,718.71
What it said to watch
An H1 close below the 73,180 session low would break the 61.8% retracement and extend the lower-low sequence toward the 72,630 week low
Reclaiming ema20 at 73,744 and ema50 at 73,955 would neutralise the downtrend read; the lower-high trendline near the 74,719 swing high is the structural cap
US Initial Jobless Claims at 13:30 UTC and Fed speakers from 14:00 UTC could materially shift this read during NY hours
Friday's US Core PPI is the next high-impact catalyst; with bearish positioning crowded, a soft print risks a sharp squeeze back through the EMAs
Lower highs since Monday, post-CPI range 72.6K–74.7K.
BTC has printed lower highs since Monday's 75,474 peak. Tuesday's hotter-than-expected US CPI drove the NY-session CPI drop to the 72,630 week low. Wednesday's NY rebound pushed past the 61.8% retracement but met rejection at the 74,719 wed high, and has since faded through Thursday's Asian session to sit just above the 73,344 asian low and the 73,303 wed low. Price is below a declining ema20 (73,778) and ema50 (73,977) with RSI(14) at 43, and ATR(14) has compressed to about $391 from roughly $494 on Wednesday as ETF outflows keep the tape heavy.
Support: 73,344.23, 73,303.27, 72,630.01
Resistance: 73,777.63, 73,976.99, 74,718.71
What it said to watch
H1 close below the 73,303 wed low exposes the 72,630 week low
Reclaim of ema20 at 73,778 and ema50 at 73,977 would neutralise the lower-high read
H1 close above the 74,719 wed high breaks the lower-highs sequence
US Initial Jobless Claims 13:30 UTC (f/c 195K) and Fed speakers through the NY session could materially shift this read
Fri US Core PPI y/y (f/c 5%) is the next high-impact catalyst
Lower highs from Nov 11 high over rising lows from the CPI low, below both EMAs.
BTC has been heavy since Sunday evening's flush from 75,700 to 73,443. Tuesday's hot CPI extended the slide to a 72,630 CPI low during NY hours, and the rebound stalled at the Nov 11 high of 74,719, just under the 61.8% retracement of the selloff. Since then a run of lower highs through the Asia session has held price below a rolling-over ema20 (73,805) and ema50 (73,996), with RSI(14) easing from 60.9 to 44.2 and ATR compressing above the rising lows.
Support: 73,344.23, 73,113.48, 72,630.01
Resistance: 73,804.74, 73,995.64, 74,718.71
What it said to watch
An hourly close above the lower-highs line and the ema50 near 74,000 (38.2% of the selloff fib) would break the lower-high sequence and put the Nov 11 high back in view
Losing the 73,344 asia low and the rising-lows line exposes the 73,113 swing low, then the 72,630 cpi low
Initial Jobless Claims at 13:30 UTC and Fed speakers through the NY session could break the compression; Friday's Core PPI is the main catalyst
06:05 UTC
Downtrend, ranging below EMAs · RSI 42 · price 73,520.03
Lower highs since Monday; post-CPI range 72,630–74,720.
The week's dominant leg was the CPI drop. Tuesday's hotter print sent BTC from Monday's 75,474 high to the 72,630 week low during NY hours. Since then price has ranged 72,630–74,720, and Wednesday's NY-session rebound stalled at a lower high near 74,719 and faded after the NY close, back below EMA(20) at 73,868 and EMA(50) at 74,036. RSI(14) has rolled from 60.9 to 42.1 and ATR has compressed from 49.4K to 42.7K pips, consistent with a listless market under extreme-fear sentiment.
Support: 73,303.27, 72,630.01
Resistance: 73,868.33, 74,035.61, 74,718.71
What it said to watch
H1 close back above ema20 (73,868) and ema50 (74,036) would neutralise the drift lower within the range
Break above the lower-high trendline and 74,719 would end the sequence of lower highs since Monday
Failure to hold the 73,303 swing low exposes the 72,630 week low and the range floor
US Initial Jobless Claims at 13:30 UTC and today's Fed speakers (Hammack, Daly, Williams) could shift this read; Core PPI follows Friday 13:30 UTC
Lower highs since Sunday; higher lows off CPI low.
BTC has printed lower highs since Sunday's 76,125 peak. Tuesday's hot US CPI drove a NY-session flush to the 72,630 CPI low. Since then price has built higher lows at 73,113, 73,303 and the 73,386 swing low beneath Wednesday's 74,719 lower high, and the Asia session is drifting below EMA(20) at 73,905 and EMA(50) at 74,057, with RSI(14) at 44.6 after fading from 60.9.
Support: 73,386.18, 72,630.01
Resistance: 73,905.41, 74,056.81, 74,718.71
What it said to watch
H1 close below the 73,386 swing low breaks the higher-low sequence and exposes the 72,630 CPI low
Reclaim of ema20 / ema50 (73,905–74,057) would return price to the middle of the post-CPI range
Close above the 74,719 lower high invalidates the lower-highs read
Initial Jobless Claims 13:30 UTC and Fed speakers through the NY session could materially shift this read
US Core PPI Friday 13:30 UTC is the key catalyst for a break of the compression
Lower highs pressing on rising lows off the CPI low; contracting range.
Tuesday's hot US CPI print broke BTC from 75,330 to the 72,630 CPI low in the NY session. Wednesday's NY-session recovery met rejection at the 74,720 Wed high, under the lower-highs line from Monday, and the overnight fade put price back below EMA20 (73,931) and EMA50 (74,073), with RSI(14) rolling over from 60.9 to 45.8. Price now sits near the 38.2% retracement of the CPI leg, squeezed between that lower-highs line and the rising line off the CPI low, with the overnight swing low at 73,386 the nearest floor.
Support: 73,386.18, 73,303.27, 72,630.01
Resistance: 73,931.47, 74,073.10
What it said to watch
H1 close below the 73,386 swing low and the CPI-low trendline exposes the 73,303 Wed low, then the 72,630 CPI low
Recovery above EMA20 at 73,931 and EMA50 at 74,073 would reopen a test of the 74,720 Wed high and the lower-highs line
Initial Jobless Claims Thu 13:30 UTC (f/c 195K) and a heavy Fed speaker slate could materially shift this read, ahead of Friday's Core PPI
03:03 UTC
Downtrend, below both EMAs · RSI 46 · price 73,784.74
Lower highs since Monday open, higher lows off the CPI low.
BTC has printed lower highs since Monday's open. Tuesday's hot CPI print drove the NY-session flush to the 72,630 cpi low as front-end yields jumped. Wednesday's NY rebound stalled at the 74,719 wed high, short of the 61.8% retracement of the weekend high to cpi low drop, and price has since slipped back below both ema20 (73,953) and ema50 (74,087) with RSI(14) at 45.6 after topping near 61.
Support: 73,386.18, 72,630.01
Resistance: 73,952.80, 74,087.15, 74,718.71
What it said to watch
H1 close below the 73,386 swing low breaks the higher-lows line and exposes the 72,630 cpi low
Reclaiming ema20 and ema50 at 73,953–74,087 would neutralise the lower-highs read; a close above the 74,719 wed high breaks the sequence
Initial Jobless Claims at 13:30 UTC and Fed speakers (Hammack, Daly, Williams) could shift this read ahead of Friday's Core PPI
Lower highs from 76,125; higher lows since the CPI low, compressing.
BTC has printed lower highs since Sunday's 76,125 peak. Two legs did the damage: a late-Sunday flush to 73,443, then Tuesday's hot US CPI print, which extended the drop to the 72,630 cpi low as the dollar firmed. Post-CPI lows have stepped higher along a rising trendline, but Wednesday's NY-hours rally stalled at the 74,719 equal highs, which match the pre-CPI high and sit just under the 61.8% retracement of the Sun-Tue drop. Price has since slipped back below EMA(20) at 73,977 and EMA(50) at 74,102, and RSI(14) has eased to 43.8 from near 61.
Support: 73,386.18, 73,303.27, 72,630.01
Resistance: 73,977.33, 74,102.14, 74,718.71
What it said to watch
An H1 close below the 73,303 wed low breaks the post-CPI higher lows and exposes the 72,630 cpi low; the late-Wednesday swing low at 73,386 is the first test
A reclaim of ema20 and ema50 at 73,977–74,102 would bring the 74,719 equal highs and the lower-highs trendline back into play
Initial Jobless Claims at 13:30 UTC and a heavy Fed-speaker slate today could materially shift this read; Friday's Core PPI is the larger catalyst
Lower highs from Monday's 75474 capping higher lows off the 72630 CPI low.
Tuesday's hot US CPI drove the dominant move of the week, a slide from Monday's 75474 to the 72630 CPI low during NY hours. Since then higher lows at 73113 (wed low) and 73386 (swing low) have held, but Wednesday's NY rally met rejection twice near 74700 (wed high), just under the 78.6% retrace of the CPI drop, and the lower-highs line from Monday stays intact. Price is back below the flattening EMA(20) at 74014 and the declining EMA(50) at 74122, with RSI(14) at 49.8 after fading from a 60.9 peak.
Support: 73,386.18, 73,113.48, 72,630.01
Resistance: 74,014.32, 74,121.58
What it said to watch
H1 close above the 74718 wed high breaks the lower-highs trendline and the downtrend read
H1 close below the 73386 swing low breaks the higher-lows trendline and puts the 73113 wed low and 72630 cpi low back in play
Holding below the EMA(20) at 74014 and EMA(50) at 74122 keeps the CPI drop retracement capped
Initial Jobless Claims Thu 13:30 UTC (f/c 195K) and the Fedspeak slate through Thursday could shift this read
Fri 13:30 UTC core PPI YoY (f/c 5%) is the main catalyst for a range break
00:04 UTC
Downtrend on the week, consolidating above the CPI low · RSI 48 · price 74,003.50
Lower highs from Monday; higher lows since Tuesday's CPI low, compressing in a 73,300–74,720 band.
BTC has carved lower highs since Monday's 75,474 peak, and the hotter-than-expected US CPI print on Tuesday drove the week's low at the 72,630 cpi low during NY hours. Since then price has compressed with higher lows, but Wednesday's NY-session push was rejected at the 74,720 range top, matching the CPI-spike high. Late Wednesday's dip held at a 73,386 swing low, and price now trades near the 50% fib of the Monday-to-CPI drop. The last close sits just below the ema20 (74,017) and ema50 (74,127), with RSI(14) at 48.4 after fading from 60.9.
Support: 73,386.18, 72,630.01
Resistance: 74,016.72, 74,126.89
What it said to watch
H1 close above the ema50 at 74,127 opens a retest of the 74,720 range top
Failure to hold the 73,386 swing low breaks the higher-lows trendline and exposes the 72,630 cpi low
Initial Jobless Claims at 13:30 UTC and six Fed speakers on Thursday could materially shift this read; Friday's core PPI is the larger catalyst