# Bearish Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Bearish", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Bitcoin Maintains Bearish Tone, HYPE Pulls Back for Accumulation at the Right Time | Guest Analysis

In this market analysis, analyst Cody from Odaily provides a technical outlook for Bitcoin (BTC) and the HYPE token. For **HYPE**, the analysis identifies a five-wave Elliott Wave structure on the daily chart, suggesting the asset is currently in a potential Wave V upward move starting from the April 2nd low of $34.44. Short-term 4-hour charts indicate the token is in an overbought state, signaling a need for a pullback or consolidation. The strategy for the week is to "go with the trend and buy on dips," specifically looking for a potential long entry if the price finds support and stabilizes in the $37.5 - $38 range. Two recent 1x leveraged long trades were highlighted, resulting in a combined profit of approximately 9.02%. For **Bitcoin**, the medium-term outlook remains bearish. A core 60% short position, opened at $89,000, is still being held with a profit of about 20.51% at the time of writing. The price is expected to continue wide-range volatility between $65,000 and $74,000. The 4-hour chart shows BTC is overbought and facing resistance near $74,500, suggesting a high probability of a short-term pullback. Three short-selling strategies are proposed for the week: selling on a rally to the $74.5K-$76K resistance zone (Plan A), a small short on a break below $69,000 support (Plan B), and a larger short on a break below the key $65,000 support level (Plan C). The analyst emphasizes strict risk management, including setting initial stop-losses immediately upon entry and trailing them to lock in profits. A disclaimer notes that all views are for informational purposes only and do not constitute investment advice.

marsbit04/13 06:25

Bitcoin Maintains Bearish Tone, HYPE Pulls Back for Accumulation at the Right Time | Guest Analysis

marsbit04/13 06:25

Bitcoin Maintains Bearish Tone, HYPE Pulls Back to Accumulate Momentum | Exclusive Analysis

Analysis by Cody,特邀分析师 for Odaily. **Core Market View:** Bitcoin (BTC) maintains its primary bearish trend, expected to trade within a wide 65,000–74,000 USD range this week. Key resistance is at 74,500–76,000 USD, with critical support levels at 69,500 USD and 65,000–66,000 USD. The medium-term strategy remains short (60% short position from 89,000 USD). Short-term tactics involve selling on rallies near resistance or selling breakouts below support, with strict stop-losses. **HYPE Analysis:** HYPE is identified as being in a potential Wave V rally, starting from its April 2nd low of 34.44 USD. After a 10-day rally approaching its Wave III high of 43.78 USD, short-term indicators show overbought conditions, suggesting a consolidation is due. The strategy is to "go long on dips," waiting for a pullback to the 37.5–38 USD support area for a confirmed long entry. Two recent long trades using a 30% position size yielded a total profit of 9.02%. **Key Takeaways:** * BTC: Bearish, range-bound. Short on rallies or breakdowns. * HYPE: Bullish trend, expect a short-term pullback. Buy the dip near support. * All strategies use 1x leverage with dynamic stop-loss management to lock in profits. *Disclaimer: This is a personal trading analysis for informational purposes only, not investment advice. The market is high-risk; invest cautiously.*

Odaily星球日报04/13 06:17

Bitcoin Maintains Bearish Tone, HYPE Pulls Back to Accumulate Momentum | Exclusive Analysis

Odaily星球日报04/13 06:17

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