Bitcoin's daily momentum indicator has flipped upward from deeply oversold territory, a setup that has preceded the last two major bounces — cautiously good news for Bitcoin holders.

• The daily stochastic momentum oscillator has turned up from its oversold zone for the first time since June.
• The same signal marked the bounce off the $57,750 macro low, and before that the rally from $60,000 to $67,000–$68,000.
• Momentum turns from this oversold zone have historically been reliable bounce triggers rather than fakeouts.
• The 5-day stochastic still needs to confirm the move before the signal carries full weight.

Outlook: If the shorter-term stochastic lines up with the daily turn, a bounce similar to the last two is the base case; a failure to confirm would leave Bitcoin vulnerable to retesting the lows.

## Bitcoin Levels

• **Bias:** cautiously bullish — oversold momentum turning up
• **Support:** $57,750 (macro low), $60,000 (prior bounce base)
• **Resistance:** $67,000–$68,000 (top of the previous bounce)
• **Targets:** $67,000–$68,000 if the bounce mirrors the last one
• **Invalidation:** a break below $57,750 would negate the bounce thesis