Key Takeaways:
Bitcoin’s RSI dropped to 17 on June 4, 2026, with the $61,310 swing low as the last clear support before $58K.All 14 moving averages signal bearishness, placing BTC $7K to $18K below its key trend lines.Traders need a 4-hour close above $64,500 for any rally to carry credibility toward the $67K to $70K resistance band.The 4-hour chart presents a textbook staircase decline. Lower highs and lower lows have defined the entire recent structure, and each bounce attempt has been met with renewed selling. One notable detail on the 4-hour: a long lower wick printed near $61,310, indicating buyers did defend that level with some conviction, likely a mix of short covering and dip buyers entering near the swing low. That wick is the single constructive signal on this timeframe. However, no higher high has formed to confirm a change in trend. Technicians need to see a 4-hour close above $64,500, followed by a clean break of $67,000, before treating any rally as more than a dead-cat bounce.
