$HYPE dip — trap or opportunity? 👀🔥
A cluster of long liquidations below $30 just got swept as BTC dropped to $64.3K. Price dipped under $28, exactly where liquidity was stacked. But here’s the bigger picture:
📊 On the weekly, structure remains bullish. The January drop to $20.48 sits inside the golden pocket retracement — not a breakdown, but a reset.
On the daily, HYPE already broke its previous lower high and rallied to $38.42, massively outperforming majors. The recent pullback looks more like a healthy retracement than trend reversal.
🎯 Key levels:
- $24.3 → critical support (78.6% Fib + imbalance confluence)
- Below $23.4 → early weakness
- Below $20 → bullish thesis invalidated
Fundamentals remain strong, capital keeps flowing into the ecosystem. Macro volatility may delay the move — but structurally, bulls aren’t done yet.
This might be liquidity engineering, not trend change.
