Bitcoin is getting a short-term bounce along with the US stock market, but the setup is still shaky and a pullback risk remains.

• Bitcoin is bouncing because the S&P 500 is bouncing again, and crypto tends to follow stocks.
• A short-term warning signal (bearish divergence) hasn't cleared yet, so the bounce may not have much strength.
• There's still a pool of liquidation orders just above $61K that price could drop to grab before heading higher.
• Ethereum keeps getting rejected at $1.8K resistance; a clean break could open a run toward $2,070.
• Solana is holding support and likely to chop sideways; XRP stays a laggard.

Outlook: Expect a slight bounce or choppy trading near-term, with a longer-term recovery still expected later this year into next.

## Bitcoin Levels

• **Bias:** Neutral to cautious short-term; longer-term bullish
• **Support:** ~$60,000 (key), liquidity zone ~$61.3K
• **Resistance:** $65.5K–$66K, then $72K–$75K
• **Targets:** Downside liquidity grab at ~$61.3K; upside ~$65.5K if divergence invalidates
• **Invalidation:** Breakout above recent highs in price and RSI (higher highs) cancels the bearish setup