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 June trough · RSI 58 · price 64,982.44
Lower highs into June low, now ranging.
Multi-month downtrend from the late-April peak near 82,700 into the June trough around 57,700, where two tests carved a double bottom near 58k. Price has ground back to the mid-60s, capped near the 65k range top — soft US CPI/PPI this week supplied the relief bid but record ETF outflows keep rallies contained in the 60k–65k band. Below the D1 EMA(50), the recovery reads as basing rather than trend reversal.
What it said to watch
- D1 close above 67,000 (prior high) breaks the descending lower-high sequence
- Failure to hold 60,000 psych reopens the 58,000 cycle low
- US Retail Sales Thu 12:30 UTC could materially shift this read
21:06 UTC
Downtrend easing, basing attempt · RSI 54 · price 64,982.44
5-week base after May-June markdown.
Downtrend off the early-May peak at 82.6K, price shed roughly 30% into the late-June low near 57.7K, printing a matching low in early June that frames a rough double-bottom base. The last five weeks have carved a 60K–64K range, and this week's push through 64K — helped by soft US CPI/PPI easing yields — is the firmest recovery attempt so far, though record spot-ETF outflows keep flow thin. RSI has lifted off its lows toward the mid-50s while price sits below a still-declining EMA(50).
Support: 62,000.00, 60,000.00, 57,700.00
Resistance: 66,900.00, 70,600.00
What it said to watch
- Daily close above 66900 swing high would confirm a higher high and open the path toward 70600
- Failure to hold 62000 range low reopens the 60000 psych and 57700 cycle low
- US Retail Sales Thu 12:30 UTC (Control Group f/c 0.5%) could materially shift this read