Bitcoin Eyes Rebound OpportunityBitcoin / U.S. dollarBITSTAMP:BTCUSDYES_GroupDuring last week's market close, Bitcoin remained under pressure from macroeconomic factors, particularly persistently elevated U.S. inflation data. As a result, market expectations for Federal Reserve rate cuts continued to decline, while U.S. Treasury yields and the U.S. dollar remained at relatively high levels. These conditions created headwinds for risk assets, including Bitcoin. At the same time, capital inflows into Spot Bitcoin ETFs began to slow significantly. After experiencing strong inflows in early May, the market saw increased selling pressure and continued outflows toward the end of the month. Major funds such as IBIT and FBTC recorded notable withdrawals, reducing short-term institutional buying support for Bitcoin. However, this week presents several key catalysts that could increase market volatility. Investors will closely monitor major U.S. economic releases, including: JOLTS Job Openings (June 2) ADP Employment Change (June 3) ISM Services PMI (June 3) Initial Jobless Claims (June 4) Nonfarm Payrolls (NFP) (June 5) Unemployment Rate (June 5) If U.S. economic and labor market data come in weaker than expected, the U.S. dollar and Treasury yields could decline. Such a scenario would likely improve sentiment toward risk assets and could support a short-term recovery in Bitcoin prices. Technical Analysis On the 4-hour timeframe, Bitcoin remains in a short-term downtrend. Nevertheless, the price has begun showing signs of recovery after successfully holding above a key support zone. Meanwhile, the MACD is approaching a bullish crossover from negative territory, indicating that selling pressure may be weakening and increasing the likelihood of a short-term rebound. Market attention this week will remain focused on U.S. economic data releases. If the figures come in weaker than expected, Bitcoin could regain bullish momentum and potentially retest the resistance area between 76,933 and 77,838. Risks Although early recovery signals are emerging, Bitcoin continues to trade below its major EMA levels, while the RSI remains below the 50 mark, suggesting that bullish momentum is still relatively weak. If U.S. economic data exceed market expectations, investors may further reduce expectations for Federal Reserve rate cuts. This could strengthen the U.S. dollar and push Treasury yields higher, creating additional pressure on Bitcoin and potentially driving the price back toward the key support zone between 72,407 and 71,494. Target Prices Entry 1 – Rebound Setup Entry: 73,756 Take Profit: 77,006 Stop Loss: 72,290 Entry 2 – Support Zone Buy Entry: 72,407 Take Profit: 75,939 Stop Loss: 71,066 Entry 3 – Deep Pullback Buy Entry: 71,489 Take Profit: 75,265 Stop Loss: 70,552 Trading Outlook The overall strategy remains focused on capturing a rebound within a broader short-term downtrend. Traders should maintain disciplined risk management and adhere strictly to the predefined stop-loss levels, as market volatility may increase significantly following this week's key U.S. economic releases.