Bitcoin is grinding higher in a short-term relief bounce, with fresh short-seller liquidity stacking up just overhead — mildly good news for buyers, though a cooling stock market is a warning to watch.

• Bitcoin is drifting up in a slow relief move, not a vertical rocket, and that has been playing out for about a week.
• Traders who shorted Bitcoin around $63K–$64K piled up liquidation levels near $65K, so price is likely to get pulled up to wipe them out soon.
• The US stock market's push to record highs is showing its first red candles this week; a real reversal there would be a warning sign for crypto.
• Ethereum, XRP, Solana, and Chainlink are stuck in their ranges and expected to loosely follow Bitcoin's slight bounce, with XRP the weakest.
• A large multi-year bullish signal on the weekly chart, like the one at the end of the 2022 bear market, is still active as a long-term backdrop.

Outlook: Expect a slight continued grind higher toward $65K in the coming days, as long as stocks hold their gains.

## Bitcoin Levels

• **Bias:** Mildly bullish short-term (slight relief bounce), bullish long-term
• **Buy / accumulate:** Support near $60,000
• **Sell / take profit:** Resistance zone $66,000–$67,000
• **Support:** $60,000
• **Resistance:** ~$65,000 (previous high), $65.4K–$65.5K, then strong $66,000–$67,000
• **Targets:** Liquidity magnet near $64.9K–$65.1K (~$65,000); higher target $73,000–$74,000 on a confirmed break above $67,000
• **Invalidation:** Loss of the $60,000 support / invalidation of the active bullish divergence