Bitcoin has confirmed a short-term warning signal and is pulling back, which is mildly bad for traders hoping for a bounce, but the bigger multi-month picture still leans bullish.

• A short-term bearish signal (a 4-hour bearish divergence) just confirmed, so expect weakness or choppy, sideways action over the next day or two.
• Bitcoin is stuck in its familiar $60K–$67K range, and the stock market cooling off after last week's rally is dragging crypto down with it.
• The key line in the sand is around $62,000 — a break below it would flip the trend bearish and likely trigger a wave of forced selling from traders betting on higher prices.
• The longer-term view is still positive: a weekly bullish divergence like the one that marked the end of the 2022 bear market is still in play, but that plays out over months, not days.
• Ethereum keeps getting rejected near the mid-$1,900s, XRP stays weak, while Solana is holding up better above $75 support.

Outlook: Near-term weakness or sideways chop is likely, with $62,000 the level that decides whether the larger recovery survives.

## Bitcoin Levels

• **Bias:** Bearish short-term, cautiously bullish mid-to-long term
• **Buy / accumulate:** Strong support zone around $60,000; major support near $62,000
• **Sell / take profit:** Resistance/liquidity around $65,000–$65,700 (65.4K–65.6K); range top $66,000–$67,000
• **Support:** $63,800, then $63,500, then major $62,000–$62,200
• **Resistance:** $66,000–$67,000
• **Targets:** Downside liquidity pool at $62,200; upside liquidity toward $65,000–$65,700
• **Invalidation:** Daily close below $62,000 (below the $62.2K low) confirms a trend reversal