BTC Faces Triple Resistance at $80,000 Milestone, HYPE Hits New Highs Signaling Potential | Invited Analysis
This weekly analysis maintains a structured framework, focusing on Bitcoin (BTC) and HYPE, dissecting their multi-timeframe price action to identify key support and resistance zones and formulate actionable trading plans. The previous week's short position on BTC yielded a 2.78% gain, reinforcing the "signal-driven, disciplined" approach.
For Bitcoin, the core scenario revolves around the battle between the 78,500–79,500 USD resistance zone and the 73,500–75,000 USD support area. The daily chart shows BTC within a rising channel; a failure to hold support at the channel's midline could lead to a test of the lower boundary. The 4-hour chart details an 8-segment corrective structure from the 82,850 USD high. Two short-term strategies are proposed: (A) Selling on a failed rally into the 78.5k-79.5k zone, with a stop above 80,600, or (B) Selling a confirmed breakdown below the 73.5k-75k support, with a stop above 76,500. Medium-term positioning remains neutral.
For HYPE, the 4-hour chart indicates a five-wave advance from the May 14th low, now showing potential exhaustion and a top warning signal near 65 USD. The core view is to watch for a potential short-term peak formation. The recommended strategy is to avoid chasing the rally and instead look for a long setup upon a pullback to the 47.5–50 USD support zone, provided clear stabilization and model confirmation signals appear.
The report concludes with a detailed review of the prior BTC short trade, executed based on model signals and candlestick patterns, and reiterates strict risk management rules, including immediate stop-loss placement and trailing stops to protect profits. All analysis is presented as a personal trading log, not investment advice.
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