BITCOIN WARNING SIGNAL FLASHING NOW - Bitcoin, Ethereum & Altcoins

Aug 07, 2026

Bitcoin bounced with a stronger stock market but a fresh short-term warning sign points to weakness over the weekend — mildly bearish near-term, still bullish longer-term.

  • Bitcoin ticked up as the S&P 500 recovered slightly, grabbing some liquidity above 65K before losing steam.
  • A new bearish divergence on the 4-hour chart suggests a small pullback or choppy sideways action into the weekend.
  • Longer-term the picture stays bullish, with a big weekly divergence still in play like the one at the end of the 2022 bear market.
  • Bitcoin dominance is pushing to new highs, meaning altcoins are likely to keep lagging Bitcoin.
  • Ethereum got rejected again at resistance near $1,950, XRP is the weakest and may break below $1, while Solana and Chainlink hold bullish setups but lack momentum.

Outlook: Expect a weekend cool-off or sideways chop, then a likely drift back up to take out liquidity around 65.3K-65.5K if stocks hold.

## Bitcoin Levels

  • **Bias:** Bearish short-term, bullish medium/long-term
  • **Buy / accumulate:** Long-term accumulation zone around $60K; short-term support $64.1K-$64.2K
  • **Support:** $64.1K-$64.2K, then $63.2K, then $62.1K-$62.2K; major support ~$60K
  • **Resistance:** $66K-$67K
  • **Targets:** Liquidity grab up at $65.3K-$65.5K; downside liquidity at $63.8K and $62.1K-$62.2K
  • **Invalidation:** A confirmed 4-hour close flipping the bullish divergence — a break below $64K opens the door to $63.2K

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