$BTC Bitcoin’s relief rally may be ‘fleeting.’ Here’s how long it may last.

The largest crypto traded higher on Monday, along with stocks DJIA+1.42% SPX+1.76%, after reports indicated that Trump’s reciprocal tariffs due April 2 are likely to be narrower than expected, while Trump said he “may give a lot of countries breaks.”

$BTC Bitcoin’s recent bounce is likely to extend in the coming days, as its short-term momentum has improved while the short-term overbought conditions were not in place, Katie Stockton, founder and managing partner of Fairlead Strategies, wrote in a Monday note.

The crypto faced a resistance level near its former support at $90,700 while its secondary resistance stood near $93,700. Its support level was at around $73,800, Stockton wrote.

However, $BTC bitcoin’s intermediate-term momentum was to the downside while its weekly stochastics, a technical indicator, were not oversold, which increased the risk that the rebound is fleeting, noted Stockton. “We expect the same for most risk assets,” she wrote.

“Bitcoin is in a cyclical uptrend, but with a monthly overbought downturn likely to be confirmed at month-end, there is risk that a period of digestion could be prolonged,” according to Stockton.