Bitcoin pushed higher on a quick short squeeze, but the fuel is used up and a short-term pullback looks likely — mildly bad for traders, still good for long-term holders.

• The bounce came from wiping out bets against Bitcoin above the price, and that fuel is now spent.
• A warning signal is forming on the daily chart: price is making new highs while momentum is not, which usually means a cool-off, not a crash.
• The weekly trend indicator has flipped green for the first time since the bear market began, but it needs a weekly close above $80,000 to count.
• Stocks got a lift as bets on a Fed rate hike faded and bond yields dipped, which helps crypto in the short run.
• Ethereum, XRP, Solana and Chainlink all show the same pattern — bullish structure underneath, but stretched and due a breather.

Outlook: Expect a week or two of chop or a modest pullback, with the bigger uptrend still intact over the coming months.

## Bitcoin Levels

• **Bias:** Bullish over months, cautious over the next 1-2 weeks.
• **Buy / accumulate:** Long-term accumulation zone flagged from $60,000; pullback toward $77,000 is the likely dip area.
• **Support:** $77,000; weekly confirmation needs a close above $80,000.
• **Resistance:** $80,000-$82,000, then $86,000-$88,000, then $96,000-$98,000.
• **Targets:** Breakout above $82,000-$82,500 opens $86,000-$88,000.
• **Invalidation:** Failure to close the week above $80,000 leaves the bullish trend flip unconfirmed.