Bitcoin flashing short-term warning as rally cools

Jul 07, 2026

Bitcoin is bouncing back but a fresh warning sign says the short-term relief may fade in the next few days — a caution for traders, not a crash call.

  • Bitcoin recovered from its recent dip, tracking the US stock market's small bounce off the lows.
  • That bounce is now flattening out, which could sap Bitcoin's momentum too.
  • A new short-term bearish signal is forming, pointing to a slowdown or slight pullback within a week.
  • Fresh liquidity building near $61K suggests price may dip to that level to grab it.
  • The bigger weekly chart still shows a longer-term bullish setup that could play out over months.

Ethereum is close to confirming a breakout above $1.8K that could target a 15% move, and Solana is grinding toward a breakout above $83 with $90+ in view — but both hinge on Bitcoin not weakening first.

Outlook: Expect a bit of short-term cooling or a slight pullback in Bitcoin over the next few days, with the larger recovery still intact.

## Bitcoin Levels

  • **Bias:** Cautious short-term (slowdown/slight pullback likely); longer-term bullish
  • **Support:** ~$61,000 (major), ~$62,000–62,500 (short-term), ~$60,000 (3-day)
  • **Resistance:** ~$64,000–64,500, then ~$66,500–67,000
  • **Targets:** Downside dip toward ~$61,000 to take out liquidity
  • **Liquidity zones:** ~$61,000 (main), ~$64,700–64,900, ~$59,500–60,000

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