The support at 64,000 remains as strong as ever. Yesterday’s attempt at 65,000 proved whether it was just a fleeting move, or whether the market still needs to build up momentum. The market feedback we received this morning showed a surge followed by a pullback under pressure after the high. In midday, there was another round of modest accelerated selling; after probing and testing support around 64,000, price then gave us another small rebound. However, the rebound strength has not really taken off yet—its near-term pace is still not very compelling. For the moment, it’s mainly about testing.
Earlier we advised everyone to go long around 64,300. If you’ve already followed that plan, then for now, just hold your positions patiently.
The process of forming bottom support has taken quite some time—from yesterday’s several rounds of testing to today’s surge, then the second probe. None of those attempts resulted in a breakdown, so the effect is fairly solid. On the 4-hour timeframe, after a brief run of consecutive bearish candles and a dip that touched the recent bottom wick areas from the prior few rounds, price was blocked again and then rebounded. The lower wicks continued to extend once more. In that stage, the earlier accumulation of positions has been holding steady in the market—so a near-term pullback seems unlikely.
What the 1-hour timeframe is saying is the story of the market bottoming and bouncing. For the next step, we’ll follow the trend and continue to go long. Still, we need risk protection—so keep an eye on the base area where the positions have been building up.
Go long on BTC around 64,200, target 65,200
Go long on ETH around 1,905, target 1,945
#HyperliquidTradeXYZ吁SEC为IPOP设新规 $BTC $ETH
Earlier we advised everyone to go long around 64,300. If you’ve already followed that plan, then for now, just hold your positions patiently.
The process of forming bottom support has taken quite some time—from yesterday’s several rounds of testing to today’s surge, then the second probe. None of those attempts resulted in a breakdown, so the effect is fairly solid. On the 4-hour timeframe, after a brief run of consecutive bearish candles and a dip that touched the recent bottom wick areas from the prior few rounds, price was blocked again and then rebounded. The lower wicks continued to extend once more. In that stage, the earlier accumulation of positions has been holding steady in the market—so a near-term pullback seems unlikely.
What the 1-hour timeframe is saying is the story of the market bottoming and bouncing. For the next step, we’ll follow the trend and continue to go long. Still, we need risk protection—so keep an eye on the base area where the positions have been building up.
Go long on BTC around 64,200, target 65,200
Go long on ETH around 1,905, target 1,945
#HyperliquidTradeXYZ吁SEC为IPOP设新规 $BTC $ETH