Weekly trend set, is the rebound not over yet? Focus on these key levels this week!

Weekly trend set, is the rebound not over yet? Focus on these key levels this week!

The recent market movements can be said to be increasingly interesting.

Since Dragon Boat Festival, market sentiment has clearly improved. Bitcoin has been steadily recovering from lows, Ethereum is strengthening in tandem, panic sentiment is gradually releasing, and profit-taking effects are beginning to return. Many people were hesitant to buy earlier, but now that prices are rising, they start chasing highs. This is precisely when the market is most likely to cause people to make mistakes.

Last week, we followed the trend to look for longs, positioning in Bitcoin around 62,400 and Ethereum around 1,690 long positions, which have all achieved good profits so far. With a 23-trade weekly strategy, only 1 stop-loss, Bitcoin has gained 13,500 points, Ethereum 400 points, and gold 300 points. The market doesn’t give opportunities every day, but when they come, you must dare to execute.

⸻

How to view this week’s market?

This week is crucial for the entire market, as it will determine the short-term direction.

First, look at the weekly chart.

Bitcoin closed last week with a bearish candle, which looks weak on the surface, but signs of bottoming and rebound have already appeared this week. If it can close positively this week, it likely means this wave of correction is nearing its end, and bulls will regain control; if it closes negatively again, further pullbacks should still be guarded against.

From the moving averages, MA5 is currently around 66,000, which is also an important resistance level that the market is likely to test this week.

At the same time, the “bearish engulfing” structure formed last week still exists, so whether the weekly candle can be repaired will directly affect the trend in the coming weeks.

⸻

Which levels should Bitcoin focus on?

Currently, around 63,200 has formed a stage support.

If it can hold steady in the short term, the first target remains near 66,000.

After breaking 66,000, attention should be on the 67,000 resistance. Once volume increases and it stabilizes, it may continue challenging the 67,800 or even 68,800 regions.

However, it’s important to remind everyone that even if the overall bias is bullish, the rise will not be a straight line. After touching resistance levels, normal pullbacks are likely, so don’t chase highs blindly just because prices are rising.

The monthly chart is also worth paying attention to.

Currently, the monthly candlestick still has a long upper shadow, indicating selling pressure around 69,000 still exists. If it cannot close above 69,000 by the end of the month, and the monthly candle closes negatively, the weekly chart next week will still face some resistance.

Therefore, my current view remains unchanged:

The main direction is still looking for a rebound, but the rebound will be accompanied by volatility, and the rhythm is more important than the direction.

⸻

How to view Ethereum and gold?

Ethereum’s overall trend remains synchronized with Bitcoin, with key resistance around 1,824.

As long as Bitcoin can continue to stay strong, Ethereum still has room for a follow-up rally, but it’s not recommended to blindly chase longs in the resistance zone.

Regarding gold, I still maintain my previous judgment.

Over the weekend, I already reminded everyone that gold has another rebound opportunity at the start of this week, and today’s opening movement basically met expectations.

Currently, the 4,200-4,230 zone has been planned for short positions, with the target continuing toward around 4,160.

The overall approach is very clear:

Gold is still in a rebound-to-short strategy. Until it breaks through key resistance, every rebound is an opportunity to look for short entries.

⸻

This week’s trading suggestions

The most important thing in the current market is not guessing the top or bottom, but doing a good job with the rhythm.

* Continue to watch 63,200 support and 66,000 resistance for Bitcoin.
* For those not holding positions, it’s not recommended to chase highs at high levels; patiently wait for pullbacks to buy at lower prices.
* For those already holding long positions, consider taking partial profits at resistance levels to improve profit realization.
* Maintain the rebound-to-short approach on gold, based on real-time notifications, strictly control positions, and manage risks well.

Trading is never about luck, but about discipline. While direction judgment is important, what truly determines profits is execution.

⸻

Markets fluctuate every day, but few can truly seize the opportunities.

If you want to see my pre-market analysis, real-time strategies, and key level tips immediately, follow Lao Jin.

Daily market analysis, every trade has logic, every layout has basis. I hope my sharing can help you avoid detours and seize the opportunities that truly belong to you. #我的Gate交易时刻