Bitcoin looks set for a short-term bounce after its recent test, which is good news for buyers hoping for relief but only points to a modest recovery.

• Past setups like this one have typically been followed by a bounce of about 6% within five days.
• Ten days out, the typical gain has been closer to 8%, which would lift Bitcoin back to its last big weekly high.
• Just over half of these bounces get most of the way there within the first five days.
• The read is still provisional since the current daily candle has not closed yet.

Outlook: A bounce toward the low-to-mid $80,000s is the base case over the next week or two, assuming the pattern holds.

## Bitcoin Levels

• **Bias:** Bullish short term — a bounce is expected from current levels.
• **Sell / take profit:** $82,420, the previous major weekly swing high.
• **Resistance:** $82,420
• **Targets:** $81,226 within 5 days (+6.1%); $82,420 within 10 days (+7.7%).