Bitcoin's five-wave corrective structure is entering its final segment, with focus on the formation of 'End Point 44'. A move above $58,110 would trigger a rebound plan, while failure to hold this level warrants caution for further breakdown. HYPE is simultaneously monitoring whether the 'End Point 56' double-bottom pattern will form; if support stabilizes, a light long position can be considered.
Bitcoin Five-Wave Correction: $58,110 Decisive
Bitcoin is currently in the final leg of a five-wave corrective structure. The key level to watch is the formation of 'End Point 44'. A decisive move above $58,110 would activate a rebound scenario; conversely, failure to hold above this level raises the risk of a deeper breakdown.
HYPE: Double Bottom at Support Zone
HYPE is also tracking the potential double-bottom pattern at 'End Point 56'. If the support area holds and shows signs of stabilization, a light long position can be initiated, with further additions upon confirmation.
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