Bitcoin has flipped a short-term signal to the upside, and the lean is now cautiously bullish as long as it holds above the pivot.

• Bitcoin closed back above the key midband around $64,500, firing the first signal of a possible reversal.
• A "48-hour rule" is the test — if the move doesn't fake out within a day or two, it's more likely a real turn.
• Several longer-term momentum signals are also turning up for the first time since the winter rally, adding weight to the bullish case.
• The setup looks like an accumulation pattern (equal highs, higher lows) that would favor an upside breakout if Bitcoin pushes toward the July highs.
• Friday's jobs report is the big event that could decide the direction.

Outlook: If Bitcoin stays above the pivot through the next two daily closes, the path opens toward the July highs and possibly the low $70,000s, with a healthy pullback expected along the way.

## Bitcoin Levels

• **Bias:** Cautiously bullish — not looking for new lows, but signals need one more confirming close.
• **Buy / accumulate:** On a sharp correction to $64,000–$65,000; anything above $60,000 is fine.
• **Sell / take profit:** Closed the 20x $66K calls; now flat and waiting.
• **Support:** $63,800 (today's low), $62,550 (2-week pivot).
• **Resistance:** $67,000 (July highs).
• **Targets:** $67,000, then $68,250 (8-day midband), ~$70,700 (21 EMA), and low $70,000s on an ascending-triangle breakout.
• **Invalidation:** A daily close back below the ~$64,500 midband returns to a short-term downside bias.