Bitcoin is showing early signs of a short-term relief bounce, but the bigger cool-off phase is not over yet — mixed news for crypto holders.

• Bitcoin dropped sharply before now forming a new short-term bullish signal, while still holding key support in the mid-$70,000s.
• The US stock market just hit a rare oversold signal (last seen in March) and is bouncing hard, which could give Bitcoin and crypto a short-term lift this week.
• Ethereum, XRP, and Solana are also oversold and could see similar brief relief, but a longer bearish signal across crypto has not been invalidated yet, so no major reversal is expected soon.
• Nvidia CEO Jensen Huang is facing reports of an affair with a suspected Chinese spy, though US stocks shrugged it off with a big rally.
• Bitcoin's share of the crypto market is testing resistance, meaning most major altcoins will likely move in line with whatever Bitcoin does in the near term.

Outlook: Expect Bitcoin to hold support and possibly drift sideways-to-slightly-up over the coming week, but no strong rally is expected until the broader bearish trend is clearly broken.

## Bitcoin Levels

• **Bias:** Neutral short-term, cautiously bullish long-term
• **Support:** $74,000–$76,000 (key zone around $75,000)
• **Resistance:** Bitcoin dominance resistance at 60.5%–61% (affects altcoin relative performance)
• **Targets:** $76,500–$77,000 (short-term liquidity target this week)
• **Invalidation:** Confirmed breakdown below the $74,000–$75,000 support zone