According to OdailyDepth's special analysis, Bitcoin's five-wave corrective structure is approaching its final stage. The key lies in the formation of 'endpoint 44': if BTC holds above $58,110, a rebound scenario is triggered; otherwise, further breakdown risk remains. Meanwhile, HYPE's 'endpoint 56' double-bottom pattern is under observation. If the support zone stabilizes, traders may consider light long positions.
Bitcoin Five-Wave Correction Nears End
The focus this week is on the formation of 'Endpoint 44' in the final segment of BTC's five-wave corrective structure. If the price remains above $58,110, a rebound scenario is triggered, suggesting a potential short-term recovery. Failure to hold above this level would warrant caution for further downside.
HYPE Double-Bottom Pattern at Endpoint 56
For HYPE, traders are monitoring whether the 'Endpoint 56' double-bottom pattern will be confirmed. If the support zone stabilizes and signals a reversal, light long positions can be considered to capture a potential bounce.
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