09:20 UTC
Uptrend, parabolic phase cooling · RSI 71 · price 4,715.23
Broad uptrend, multi-month distribution near 5100.
Macro uptrend intact and well above EMA(50), but the parabolic Q4-into-Q1 leg from 3900 to 5419 has rolled into a multi-week rounded top with rejection from 5400. Price has retraced toward 4500 psych support and is now consolidating around 4700, working off extreme weekly RSI without breaking structure. Regime: still trending higher, but in a corrective phase off the highs.
Support: 4,500.00, 4,099.08
Resistance: 5,419.10
What it said to watch
- weekly close below 4500 psych opens path toward 4099 swing low
- reclaim of 5107 swing high would resume the parabolic leg
- RSI cooling from above 80 — momentum unwinding even as price holds