$HYPE USDT on the 4H timeframe is currently trading in a discount zone, following a clear bearish leg that has pushed price away from prior equilibrium. The structure shows a series of lower highs and lower lows, confirming short-term bearish control. However, recent price action is beginning to slow down, indicating potential accumulation at discount.
Multiple Fair Value Gaps (FVGs) are visible above current price, with a larger imbalance sitting higher in premium and a smaller, more immediate FVG just above the current consolidation. These inefficiencies act as magnets for price, suggesting a likely retracement before any continuation lower.
From an ICT perspective, the market may first seek to rebalance these inefficiencies. The projected path shows price forming a short-term low (potential Sell-Side Liquidity (SSL) sweep below the recent lows), followed by a bullish move into the nearby FVG. This move would represent a shift in short-term order flow and potentially a Change of Character (CHoCH) on lower timeframes.
After tapping into the FVG and possibly reaching equilibrium or slightly into premium, the expectation is for price to resume its bearish trajectory. This would target deeper liquidity pools below, continuing the overall bearish structure and completing the draw on liquidity.
Execution-wise, traders should monitor for a sweep of the lows followed by bullish displacement into the imbalance. This provides a potential long setup toward the FVG. However, the higher-probability play aligns with the macro direction — looking for short entries after price reaches premium or fills the imbalance.
Invalidation occurs if price aggressively breaks above the major FVG and sustains acceptance, indicating a broader bullish reversal rather than a retracement.
Always manage risk and wait for confirmation before entering trades.#hype #BitcoinPrices #cryptouniverseofficial
