Bitcoin is losing steam short-term as a stock market selloff drags crypto down, but the bigger-picture setup still leans slowly bullish over the coming weeks.

• Stocks dumped over 1% before the US market even opened, pulling Bitcoin and altcoins down with them.
• Part of the blame is heavy margin calls and liquidated overleveraged traders, especially in South Korea.
• New liquidity is stacking up just above $61,000, and price often drifts toward those levels to wipe them out.
• Longer-term charts still show a bullish divergence, meaning a real recovery is more likely later this year than right now.
• Ethereum is retesting $1,800 and could flip bearish if it breaks; Solana is slipping below $75 support.

Outlook: Expect more choppy weakness in the next few days — possibly into the weekend — before any bounce, with $61,000 the downside target to watch.

## Bitcoin Levels

• **Bias:** Bearish short-term, cautiously bullish over the coming weeks
• **Support:** $60,000 (major); $61,500–$62,000 zone
• **Resistance:** $65,500
• **Targets:** Downside liquidity at $61,100–$61,400 (key $61,300)
• **Upside liquidity:** $65,700–$66,000