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, momentum flat · RSI 52 · price 63,692.86
Lower highs into June low, now range-bound recovery.
A multi-month downtrend carried BTC from the February peak near $82.7K to a ~$57.7K YTD low across two tests in late June, forming a double-bottom base. Price has since reclaimed the $60K psych handle and is consolidating between roughly $61.5K swing low and $64.6K swing high, still trading below a falling EMA(50). The recovery is fighting persistent ETF outflows, leaving the tape macro-driven ahead of US CPI.
Support: 60,000.00, 57,741.00
Resistance: 64,620.00, 67,790.00
What it said to watch
- Daily close above the 64620 swing high opens the path toward the 67790 prior high
- Loss of the 60000 psych handle re-exposes the 57741 ytd low
- US CPI Tue 12:30 UTC plus Warsh testimony could materially shift this read
21:06 UTC
Downtrend easing, basing off lows · RSI 54 · price 63,692.86
Consolidation in 58K-64.6K after multi-week slide.
Six-week downtrend off the late-April ~82.6K peak bottomed near 58K in mid-June, and price has since carved a rounded base holding above the 60,000 pivot handle. Price is back above EMA20 but still capped below a falling EMA50, so the recovery reads as consolidation rather than a resumed uptrend. The ~6% bounce off YTD lows tracks the Warsh-driven risk bid noted in the digest, but heavy ETF outflows keep the tape range-bound.
What it said to watch
- D1 close above 64,600 recent high opens the path toward the 67K swing high
- Failure to hold the 60,000 pivot handle reopens the 58K ytd low
- US CPI Tue 12:30 UTC plus Warsh testimony is the dominant near-term catalyst