Bitcoin's Five-Wave Correction Nears End; HYPE Presents Short-Term Opportunity at Support

News Editor

2026-06-29 10:31:42

This article analyzes Bitcoin and HYPE token's technical trends. BTC is in the final stage of a five-wave correction, with key focus on whether 'Endpoint 44' can hold at $58,110. HYPE is at the 56th sub-wave of its correction, requiring attention to a potential double bottom at 'Endpoint 56'. Three dynamic trading plans (A/B/C) are proposed, emphasizing long at support, short at resistance, and strict risk management.

BTC: Five-Wave Correction Nearing Completion

Bitcoin is in the final phase of a five-wave correction pattern. The critical level is 'Endpoint 44' at $58,110. A confirmed hold at this support may trigger a new rally; a breakdown could extend the correction.

HYPE: Watch for Double Bottom at Endpoint 56

HYPE is currently in the 56th sub-wave of its corrective structure, trading near a support zone. The key signal is whether 'Endpoint 56' can form a double bottom pattern, which would confirm a technical bounce.

Trading Strategy & Risk Control

The article outlines three dynamic plans (A/B/C), suggesting long positions at support levels and short tests at resistance, with strict stop-loss and position sizing. Short-term traders should adapt flexibly.

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

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