Bitcoin has broken out of its short-term rising channel and is pushing toward $67K, which is good news for holders but a cool-off may be coming within days.

• Bitcoin broke above the $65K-$66K resistance zone and is now trending higher, with the next big wall around $74K.
• The move is partly a short squeeze — traders keep betting against the rally, get wiped out, and their forced buying pushes prices up.
• Bullish divergence signals are showing on the weekly, daily and 3-day charts, pointing to a bigger recovery later this year and into next.
• A bounce in the US stock market is helping crypto, but the 4-hour chart just touched overbought, so a pause or small pullback is likely soon.
• Ethereum is still working through its double-bottom pattern toward roughly $2,070, while XRP and Solana lag and Chainlink just cleared $8.50.

Outlook: More upside than downside over the coming weeks, with a short breather likely in the next day or two.

## Bitcoin Levels

• **Bias:** Bullish short-term and long-term, with a brief cool-off expected within 1-2 days
• **Support:** ~$60,000 major support (3-day); $63.2K channel support; $66.1K-$66.2K broken resistance now being retested as support
• **Resistance:** $65,000-$66,000 (being broken); ~$67,000 on the daily; ~$74,000 next major on the 3-day
• **Targets:** $67,000-$67,500 upside liquidity zone, then the $70K area toward $74,000
• **Downside liquidity:** ~$61,500 (seen as unlikely to be reached)
• **Invalidation:** Failure to close and hold a 3-day candle above $66,000