Bitcoin bounces on short-term bullish signal; what comes next
Bitcoin is bouncing off support in the short term, which is mildly good news for crypto holders right now, but the bigger picture still points to a few more weeks of weakness before the longer uptrend resumes.
- Tech stocks bounced after the Fed meeting passed, and crypto followed since the two often move together.
- Bitcoin is holding a key support zone, and a short-term bullish signal on the 4-hour chart suggests a small relief bounce over the next few days.
- A bearish signal on the daily chart is still active, so Bitcoin will likely stay below recent highs for another one to two weeks.
- A weekly bullish signal, last seen at the end of the 2022 bear market, still points to higher prices over the coming months and years.
- Ethereum, Solana, XRP and Chainlink are all bouncing from support and should track Bitcoin, with small relief moves but no new highs yet.
Outlook: Expect a modest bounce in the next few days, then a possible dip to sweep liquidity just under support before the range resolves over the next couple of weeks.
## Bitcoin Levels
- **Bias:** Short-term slightly bullish (relief bounce), mid-term bearish/rangebound for 1–2 weeks, long-term bullish
- **Buy / accumulate:** $73,000–$75,000 support zone (already bounced from ~$75,000)
- **Sell / take profit:** $80,000–$82,000 resistance zone
- **Support:** $73,000–$75,000; liquidity at $74.8K
- **Resistance:** $80,000–$82,000
- **Targets:** ~$78,000 short-term bounce target; upside liquidity at $77,000–$78,000 and $80,000; downside liquidity target at $74.8K
- **Invalidation:** A break below $73,000 would invalidate the support thesis