Cryptocurrencies

Key levels on active technical setups in DXY, Gold, and Bitcoin heading into the start of the week.

At the start of the trading week, strength around Bitcoin remains one of the most relevant factors for the market. Over the last seven trading sessions, the cryptocurrency has gained more than 23%, allowing it to approach a price zone not seen in several months near $80,000.

With just over a week remaining before the end of August, the renewed strength of the cryptocurrency market has become increasingly evident during the latest trading week. Over the past several days, major cryptocurrencies have posted significant gains and broken through key technical levels, suggesting that bullish sentiment has regained prominence across the market.

With only a few trading sessions left in August, the cryptocurrency market has regained significant momentum in both activity and investor confidence. This shift has been driven primarily by developments surrounding the Clarity Act and a substantial short squeeze that accelerated demand over the past several days.

Bitcoin broke out of the August range today and the next technical hurdle could determine whether a larger trend reversal is taking shape.

Over the last three trading sessions, Bitcoin has posted a gain of nearly 2.00%, bringing a short-term bullish bias back into focus. Buying pressure has held steady as confidence in risk assets rebounds, driven by relative stability in the Middle East.

During the last week of July, weakness has once again become evident across the cryptocurrency market. Over the last few sessions, several assets have started to mark new short-term lows, reinforcing the possibility of more consistent selling pressure.

As the last week of July comes to an end, the cryptocurrency market is once again showing weaker short-term appetite. Over the last few sessions, demand has shown signs of caution, in a week marked by central bank decisions that failed to strengthen appetite for risk assets.

Bitcoin is once again showing a lack of short-term strength. Over the last 2 trading sessions, BTC has accumulated a decline of approximately -2.5%, reflecting a relevant selling bias and a reduced ability to recover ground.

As the end of July approaches, the cryptocurrency market is once again showing a dynamic of broad indecision and weakness. For now, mixed movements continue to dominate, with no clear direction of confidence visible across the market.

As the end of July approaches, the cryptocurrency market continues to show a dynamic of broad weakness and neutrality. For now, mixed behavior remains dominant, in a context marked by important events during the week, including the return of possible tariffs and renewed tensions in the Middle East.

Bitcoin's sharp recovery has shifted focus from survival to confirmation as bulls confront the technical hurdle that could redefine the broader trend.