Bitcoin is parked right around $80,000 as the Fed meeting opens today, and most of the market is doing what it does before a decision: nothing loud.
I'm watching $HYPE because it refused to join that drift: a flush to $74.99 on Monday, then a climb straight back to $80.65.
The bounce case is the low itself: buyers showed up around $75 more than once, and the recovery held above $77. The rejection case is as clean: $80.65 capped the move on ordinary volume, below the recent average — a defended floor, not conviction yet.
My lines: support $75.0, resistance $80.65, 7-day range top near $82.54 above. A 4-hour close under $75.0 kills the bounce read; $74.45 is the next floor.
What keeps me from getting comfortable: tomorrow's Fed decision can break this range either way.
Save $75.0 and $80.65 — does $HYPE hold $75.0 into the Fed decision, or does the range break down first?
Not financial advice. Do your own research.
$HYPE #CryptoMarkets #Hyperliquid #DeFi #Fed
I'm watching $HYPE because it refused to join that drift: a flush to $74.99 on Monday, then a climb straight back to $80.65.
The bounce case is the low itself: buyers showed up around $75 more than once, and the recovery held above $77. The rejection case is as clean: $80.65 capped the move on ordinary volume, below the recent average — a defended floor, not conviction yet.
My lines: support $75.0, resistance $80.65, 7-day range top near $82.54 above. A 4-hour close under $75.0 kills the bounce read; $74.45 is the next floor.
What keeps me from getting comfortable: tomorrow's Fed decision can break this range either way.
Save $75.0 and $80.65 — does $HYPE hold $75.0 into the Fed decision, or does the range break down first?
Not financial advice. Do your own research.
$HYPE #CryptoMarkets #Hyperliquid #DeFi #Fed
