Bitcoin, Ethereum, and most altcoins are sliding further into a pullback, with crypto markets leaning bearish short-term but showing early signs that a bottom could be forming over the next few weeks.

• Bitcoin broke below the $65,000 support zone that had been flagged for weeks, with the next liquidity target sitting near $62,000.
• A key weekly momentum signal is at risk of flipping bearish for the first time in years, but this won't be confirmed until the next weekly close.
• Bitcoin and Ethereum are both deeply oversold on daily charts, raising the odds of a bounce or relief rally starting within days, though a full reversal isn't expected yet.
• Altcoins are broadly underperforming, with XRP hitting its lowest level since late 2024 and other coins like Solana, Chainlink, and Near still stuck in bearish patterns.
• Most altcoins are expected to keep tracking Bitcoin's direction rather than move independently.

Outlook: A short-term relief bounce is possible within days, but a deeper drop toward $62,000 for Bitcoin (and similar pullbacks across altcoins) is still the more likely path before any real recovery takes hold.

## Bitcoin Levels

• **Bias:** Bearish short-term, with a possible bullish divergence setting up over the coming weeks
• **Buy / accumulate:** $62,000 zone (also watch $61,000–$62,000)
• **Support:** $65,000 (just broken); next support/liquidity at $61,000–$62,000
• **Resistance:** $66,500 (weekly close needs to hold above this to avoid confirming a bearish flip)
• **Targets:** $62,000 downside target
• **Invalidation:** A confirmed weekly candle close below $66,500 would flip the key momentum signal bearish