I’m looking at $HYPE now and the potential bottom.
The level is definitely interesting, but it’s important to understand that for now we’re just interacting with the weekly fractal around 29.35$.
Liquidity has been taken from it, but that alone doesn’t confirm anything yet.
If
From there, we have basically moved into large monthly and weekly FVGs, so what matters to me now is not just the level itself, but how the market behaves inside this area. I want to see weekly candle formations, weekly combinations, weekly confirmation.
n my view, Bitcoin has established a trading range, with the midpoint sitting around $93,000. The most important upside trigger for me right now is the $97,000 to $98,000 zone.
That is the key area where the whole conversation changes.
The irony is that we are chasing an ever-narrowing window of hope.
First, we traded on headlines of 'ending the war,' then it was 'a ceasefire.' After that, we traded on the hope of a partial, temporary opening of the SoH, and then we were reduced to hoping for just a single round of negotiations.
Now, we are trading on the expectation that the maritime blockade will be lifted—just so that a single meeting can even take place. As the focus narrows, it drifts further away from the truth and any fundamental change.
Yet, we have become more obsessively fixated on these increasingly meaningless details. Looking back, it was almost better two weeks ago when the market reacted to the nonsense of 'a new era of peace.' At least that felt like change.
Now, we are further from that than ever, yet trapped in an obsession with the trivial. They have done a masterful job of blurring the essence of the situation.
#oott#iran
A headline just flooded the screens claiming, "Signals received the US is ready to end the blockade," and Brent crude immediately plunged about 200 pips.
For context, we saw the exact same headline from the BBC 10 hours ago, quoting an Iranian diplomat. Since morning has just
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