HyperliquidQuick BTC read: Nice reaction from the 59K area. Argus marked the local base pretty cleanly, and once price reclaimed 60K, the first target around 60.6K was hit fast. Now the real test is higher. 61.6K is the next area I’m watching. If BTC can accept above that, the bigger supply zone around 62.5K becomes the obvious magnet. But I would not call this a full reversal yet. Below 60K again and this starts looking like another failed bounce. For now: good reclaim, first TP hit, but still trading into resistance.
Quick BTC read: Nice reaction from the 59K area. Argus marked the local base pretty cleanly, and once price reclaimed 60K, the first target around 60.6K was hit fast. Now the real test is higher. 61.6K is the next area I’m watching. If BTC can accept above that, the bigger supply zone around 62.5K becomes the obvious magnet. But I would not call this a full reversal yet. Below 60K again and this starts looking like another failed bounce. For now: good reclaim, first TP hit, but still trading into resistance.