21:05 UTC
Multi-week downtrend, accelerating · RSI 34 · price 59,424.56
Lower highs / lower lows since the 82.7k peak.
BTC is in a confirmed multi-week downtrend, down roughly 28% from the 82.7k peak set in late April, with price pinned beneath EMA20 and EMA50 and printing a clean chain of lower highs. Persistent June ETF outflows and sticky US PCE have removed any easing relief, and the last fortnight has carried price from the 64k area down onto the 58k–60k floor. The round 60,000 number now caps, while the 58,060 swing low marks the line bears are leaning on.
What it said to watch
- Daily close below the 58,060 swing low opens the path toward the 55,000 psych target
- Reclaiming the 60,000 round number would ease the downside pressure
- ADP + Warsh speech Jul 1 could materially shift this read