Bitcoin's Five-Wave Correction Nears End, HYPE Finds Support Zone: Key Level $58,110

News Editor

2026-06-29 10:01:43

This article analyzes the technical trends of Bitcoin and HYPE tokens. BTC is in the final stage of a five-wave correction, with the key observation being whether 'Endpoint 44' can hold above $58,110. HYPE is in the 56th segment of its five-wave adjustment, and a double-bottom formation at 'Endpoint 56' would confirm a rebound. The author presents three dynamic trading plans (A/B/C), emphasizing long at support and short at resistance with strict risk control.

Bitcoin: Late Stage of Five-Wave Correction, Focus on $58,110

Bitcoin is currently in the final phase of a five-wave corrective structure. The crucial level to watch is 'Endpoint 44' — whether it can hold above $58,110. A confirmed support at this price could trigger a new rebound, while a breakdown may signal further downside.

HYPE: Fifth Wave Segment 56, Double Bottom in Focus

HYPE token is trading in the 56th segment of its five-wave correction. Traders should watch for a double-bottom pattern at 'Endpoint 56'. If the double bottom forms, it would provide a clear bullish reversal signal; otherwise, the token may test lower supports.

Short-Term Trading Plans: A/B/C Dynamic Strategies

The article outlines three dynamic trading plans (A, B, C) that hinge on buying at support levels and selling at resistance levels. Strict risk management is emphasized to avoid losses from sudden volatility.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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