2026-01-07 16:25:56

HYPE/BTC has been running through a fairly wide consolidation pattern lately. The price action created a noticeable bullish deviation that ended up being a classic trap—caught plenty of traders on the wrong side before the reversal kicked in. From there, we saw the typical alt flush-out that most alts experienced, which eventually retraced down to the 0.618 Fibonacci level on the short-term chart.

The volatility is finally starting to calm down after that washout. Things are beginning to look a bit cleaner now, and we're at an interesting inflection point. Whether this holds or continues lower will be key to watch over the next few candles.

HYPE-5,66%

BTC-0,72%

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ProtocolRebel

· 4h ago

Another classic bull trap, trapping people badly... Can the 0.618 Fibonacci rebound hold up?

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RugpullSurvivor

· 9h ago

It's the same old trick of fake breakouts and rug pulls; I've seen through it long ago. --- Whether we can hold above 0.618 is the real question. It's too early to talk about "clarity" now. --- Every time you say "an interesting turning point," but it still crashes down. I wouldn't believe you. --- Volatility calm down? Wake up, buddy. The next big bearish candle is ready to strike at any moment. --- This rebound is purely a breather. Don't be fooled, really.

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LayoffMiner

· 01-07 16:51

Once again, a fake move. How many people will get cut this time?

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HorizonHunter

· 01-07 16:49

It's the same old trick again, fake breakouts cutting through wave after wave... Even 0.618 has been broken, and we have to wait for the next few candles to see what to do.

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ForkMaster

· 01-07 16:48

Same old trick again, still talking about 0.618 Fibonacci? I'm already tired of my three kids watching this. I've seen this kind of fake breakout a hundred times before.

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rugdoc.eth

· 01-07 16:43

Once again, I'm trapped. This fake breakout is truly incredible.

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TokenomicsDetective

· 01-07 16:35

Another classic bull trap. How are you doing with the position this time?

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