BTC is being capped around 86,800; overhead resistance keeps moving lower. Bullish momentum continues to weaken, and liquidity later on can’t keep up either. Liquidity in the market is already relatively weak during the National Day holiday, so we’ll take another look after the holiday. For now, I’m mainly holding short positions. ETH’s price action is in sync with Bitcoin, but it’s a bit stronger than BTC. For the moment, it’s also consolidating intraday. After this consolidation phase, the market move may be over. It’s basically unlikely that BTC will return to 120,000, because tokenized stocks have siphoned off too much liquidity. HYPE is tougher; its biggest issue is that a large amount of the circulating supply is not yet unlocked, which brings significant unlocking pressure. In the long run, the price looks somewhat overpriced. #BTC #ETH #HYPE