Bitcoin Liquidation Trap: Bitcoin, Ethereum, and Altcoins Update

Jul 18, 2026

Bitcoin is stuck in choppy sideways action but leaning slightly bullish, which is neutral-to-mildly-good for traders willing to wait.

  • Bitcoin is holding above $60,000 support with a long-term bullish signal building on the weekly chart, but no strong momentum right now.
  • Liquidity is stacking up both above and below the price, acting like a magnet that keeps Bitcoin bouncing sideways in a range.
  • Ethereum bounced almost perfectly off $1,800 support and is still working on a double-bottom pattern pointing toward roughly $2,070–$2,080.
  • An Ethereum long trade is running with over $4,000 in profits already locked in and about $5,000 more unrealized.
  • Solana is barely holding $75 support, XRP is lagging with lower highs, and Chainlink is stuck below $8.50 resistance.

Outlook: Expect more choppy, range-bound crypto action over the next days or weeks, with a slight upward drift as long as the bullish setups hold.

## Bitcoin Levels

  • **Bias:** Neutral short-term, long-term bullish (bullish divergence active)
  • **Support:** $60,000 major support; $61,500–$62,000 minor support
  • **Resistance:** $65,000–$66,000
  • **Liquidity zones:** downside liquidity $61.1K–$61.4K; upside liquidity around $65.7K
  • **Current price:** ~$64,500

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