Bitcoin dropped near a long-predicted target and is now showing early signs of a short-term bounce, though the bigger picture still leans bearish.

• Bitcoin fell close to $67,000, matching a bearish target set weeks ago after breaking below the $74,000-$75,000 support zone.
• The daily RSI (a momentum gauge) is oversold for the first time in about six months, which often leads to short-term relief bounces.
• A big cluster of buy/sell orders sits just below the current price around $65,000-$66,000; if that gets triggered, another dip is likely in the coming weeks before any real recovery.
• Ethereum, XRP, Solana, and Chainlink are all under similar pressure, with XRP continuing to underperform Bitcoin as it typically does outside of hype-driven rallies.
• Bitcoin dominance tried to break higher but failed to clear its previous highs, a move that would be bad news for altcoins broadly if it eventually succeeds.

Outlook: Expect a short pause or sideways chop over the next few days, but another leg down toward the $65,000-$66,000 zone is likely in the coming weeks before a possible multi-week recovery sets up.

## Bitcoin Levels

• **Bias:** Bearish short/medium-term, cautiously constructive longer-term if key support holds
• **Buy / accumulate:** Potential accumulation zone $65,000-$67,000 if liquidity there gets swept
• **Support:** $67,000 (just hit); next major support $65,000-$66,000; deeper support near $58,000
• **Resistance:** $87,000 (prior high, relevant to long-term pattern); dominance resistance 61-62% (not a BTC price level but relevant to alts)
• **Targets:** Downside sweep target $65,000-$66,000; long-term bullish pattern target near all-time highs if $87,000 reclaimed later
• **Invalidation:** Weekly close below $66,000 (flips trend indicator bearish); breakdown below $58,000 invalidates the larger bullish setup entirely