Bitcoin has climbed back above its accumulation zone after dipping under $60,000 and quickly reclaiming it, which is good news for buyers who held through the flush.

• The drop below $60,000 was a flush, not a collapse, and sellers look exhausted.
• ETF inflows are recovering, giving the rally real buying behind it.
• Momentum indicators on the weekly and two-week charts have all turned up, with repeated bullish divergences like past bear-market bottoms.
• Stocks are shrugging off tariffs, US strikes, and a Houthi naval blockade of Saudi Arabia because earnings are strong — 88% of the first S&P names beat.
• A macro low is still not confirmed; on every big time frame this is still a downtrend until proven otherwise.

Outlook: A push above the June high opens the door to the low $70,000s, with Google, Tesla, and Intel earnings this week steering the wider market.

## Bitcoin Levels

• **Bias:** Cautiously bullish — a major low is likely in, but a macro low is not yet confirmed.
• **Buy / accumulate:** Bought in the low $60,000s; would buy pullbacks after a higher low near $65,000.
• **Sell / take profit:** Would sell long spot coins if Bitcoin breaks below about $65,000.
• **Support:** $62,350 (weekly MACD momentum), $65,000 (stochastic momentum), this week's low.
• **Resistance:** $66,000 (top of accumulation zone), $67,000–$67,250 (June high, the confirmation level).
• **Targets:** $68,150–$68,620 next, then low $70,000s; stretch targets $77,000 and a pattern projection to $77,000-plus; reclaiming the May swing high at $83,000 confirms the low is in.
• **Invalidation:** This week's low for the rally; options position breaks even at $64,250.