Bitcoin Trades Below Daily Pivot ($83,841.30): Structure Favors S1 ($82,093.70)
Bitcoin is trading below its 50-period EMA ($84,439.96) and the daily floor pivot ($83,841.30), with 1H RSI reading 34.9. Structure favors a move toward S1 ($82,093.70) while price stays below R1 ($84,962.30).
- 1H RSI (14) currently reads 34.9.
- Spot is below the 50-period EMA ($84,439.96).
- Daily floor pivot computed from the prior completed session: $83,841.30.