Bitcoin pulls back as stocks cool off, with warning signals on XRP and Solana
Bitcoin is drifting lower inside its recent range as US stocks cool off from record highs, which is mildly negative for traders hoping for a quick breakout but not a crash signal.
- Bitcoin is stuck in a sideways range and losing upward momentum as the Nasdaq pulls back.
- Daily and 3-day charts show bearish divergence, pointing to choppy or slightly lower prices for days to weeks.
- Longer term still looks bullish: the weekly chart has carried a large bullish divergence since the lower-60K lows this summer.
- Ethereum bounced almost exactly off its support near 2.4K but is also cooling, while XRP and Solana are weakening into support.
- Bitcoin dominance remains range-bound, so coins are mostly moving together instead of a clear alt season or Bitcoin season.
Outlook: Expect more sideways chop with another test of support in the next few days, followed by a modest bounce rather than a deep selloff.
## Bitcoin Levels
- **Bias:** Neutral short term, bullish longer term.
- **Buy / accumulate:** $80,000–$82,000 support zone.
- **Sell / take profit:** $86,000–$88,000 resistance zone.
- **Support:** $80,000–$82,000.
- **Resistance:** $86,000–$88,000.
- **Targets:** Upside liquidity near $84,000–$84,500 in the coming days.
- **Invalidation:** A confirmed break below $80,000.