Bitcoin holds its range as a new liquidity pocket forms just below price

Aug 02, 2026

Bitcoin is stuck in a two-month sideways range, and it's a neutral-to-slightly-bullish setup near term as long as key support holds.

  • Bitcoin keeps bouncing between about $60K support and $66K–$67K resistance, with no breakout either way.
  • A fresh pocket of liquidity is building just under the recent low, marking $62.1K–$62.2K as the next downside target to watch.
  • A strong US stock market close is helping crypto for now; the direction likely depends on how stocks open next.
  • Ethereum is stuck under resistance near $1,950 and just flashed a bearish divergence, pointing to weak momentum.
  • Solana looks the strongest of the altcoins, with a new bullish signal pointing toward a test of $75–$76.

Outlook: Expect choppy sideways action or a small bounce over the next day, with the stock market open deciding whether that lower liquidity gets hit.

## Bitcoin Levels

  • **Bias:** Neutral short term; longer-term weekly bullish divergence still intact
  • **Buy / accumulate:** ~$60,000 range support; bounce zone at $62.2K
  • **Support:** $60,000; local low near $62.2K
  • **Resistance:** $66,000–$67,000
  • **Targets:** Downside liquidity at $62.1K–$62.2K; upside liquidity near $65K
  • **Invalidation:** A break and hold below the late-June/early-July lows

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