Bitcoin and the big altcoins are cooling off in the short term, which is bad for traders expecting an immediate push higher but fine for anyone waiting for a cheaper entry.

• Bitcoin is stuck in a sideways range and got rejected at resistance, with a bearish signal on the daily chart pointing to another week of weakness.
• The slowdown lines up with the Nasdaq, which is also struggling just below its record high.
• Ethereum, XRP, Solana and Chainlink are all following the same pattern, since Bitcoin dominance is flat and the whole market is moving together.
• A new short position was opened on Solana, which is the last of the majors to start rolling over.
• The longer-term picture still looks bullish, with weekly signals that last flipped positive at the end of the 2022 bear market.

Outlook: Another week of choppy, slightly lower prices is expected before the larger uptrend likely resumes in October.

## Bitcoin Levels

• **Bias:** Bearish short term, bullish over the coming months.
• **Buy / accumulate:** Waiting for a better long entry on a further dip toward the $80,000–$82,000 area.
• **Support:** $80,000–$82,000; liquidity clusters at $82.2K–$82.3K, $81,000 and $80,000.
• **Resistance:** $86,000–$88,000; upside liquidity at $85.3K and $87.4K–$87.5K.
• **Invalidation:** A confirmed break and hold above $88,000 would cancel the short-term bearish divergence.