Bitcoin grabbed the upside liquidity it was chasing and hit its short-term target, which is good news for buyers as a bigger long-term bottom looks more likely.

• Bitcoin ran up to about $65.7K, clearing out the trapped short bets stacked above the price, then stalled at resistance.
• A third green weekly candle in a row backs up a big bullish signal, similar to the one that marked the bottom of the 2022 crash.
• A small cool-off is possible next because the stock market slipped a bit during the day, which tends to drag crypto down slightly.
• Ethereum still looks strong, bouncing off support and holding a long trade in profit, while Solana and XRP are stuck moving sideways.
• Chainlink is trying to break above a level that has capped it for nearly two months, which could open room for a 10% move up.

Outlook: Expect Bitcoin to keep drifting up inside its rising channel with occasional pullbacks, unless it drops out of the channel.

## Bitcoin Levels

• **Bias:** Bullish short-term (rising channel) and long-term (weekly divergence); not a straight line up.
• **Buy / accumulate:** No explicit buy order given; expects support to hold around $64K–$64.5K and again just above $63K.
• **Support:** Major support ~$60,000; channel center line ~$64.5K; channel bottom just above $63,000.
• **Resistance:** ~$65.5K–$66,000 (former support flipped to resistance).
• **Targets:** Downside liquidity pocket at ~$61.5K; upside liquidity that hit ~$65.7K already grabbed; new upside liquidity possibly forming near $66,000.
• **Invalidation:** Thesis weakens if price breaks down out of the ascending parallel channel (below ~$63K support).