This week marks a critical juncture for the crypto market, as an invited analysis article delves into the technical trends of Bitcoin (BTC) and the HYPE token. For BTC, the analysis focuses on whether it can successfully retest the lower boundary of its short-term ascending channel, a key event that will determine the direction of its next move. A successful retest could signal continued upward momentum, while failure may trigger a correction.
Meanwhile, HYPE is experiencing a fierce battle between bulls and bears in the $64–$66 support zone, which is considered a crucial pivot level. The outcome of this battle will significantly impact HYPE's short-term trajectory. Based on these technical assessments, the analyst outlines strategies including shorting BTC on a medium-term basis and going long on HYPE during pullbacks. The article emphasizes strict risk management and dynamic stop-loss discipline as essential components of the trading plan, advising traders to adjust stop levels based on price action. The invited analyst from MarsBit reminds participants of the high volatility and urges caution. This analysis provides key trading references for the week.