Bad news for crypto in the short term: Bitcoin is turning down again as a weak Monday in the U.S. stock market drags the whole crypto market lower.

• Bitcoin reversed course and is heading back toward downside liquidity near $61,000 as stocks sell off.
• Tech stocks (Nasdaq) are pulling back, partly because newly-listed SpaceX is falling from its high IPO valuation, plus some rising geopolitical tension.
• Bigger picture stays hopeful — the weekly chart still shows a bullish setup that could mark the end of the long downtrend within 6 to 12 months.
• Ethereum failed yet another breakout at $1,800, so the long trade was closed at break-even until stocks and Bitcoin show real strength.
• XRP is the weakest, almost back at its recent lows and close to killing its own bullish signal; Solana is fighting to hold $75.

Outlook: Expect a few more days of short-term weakness across crypto while stocks cool off, with $61,000 the key Bitcoin level to watch.

## Bitcoin Levels

• **Bias:** Bearish short-term, cautiously bullish over the coming months
• **Support:** ~$61,000 (61K), with major 3-day support at ~$60,000
• **Resistance:** ~$64,000–$64,500; upside liquidity at $64.7K–$64.9K
• **Targets:** Downside liquidity grab near $61,000–$61,300
• **Invalidation:** A crash back to the prior low / breaking below recent lows in price and RSI would confirm the bearish trend continues