Foreign media price analysis indicates that at the beginning of September, the crypto market continued to show a divergent trend. Bitcoin maintained a high level after breaking through its long-term moving average, while Hyperliquid and HYPE remained near their recent highs. On the other hand, DOGE and SHIB returned to key support areas, and the short-term direction is still to be determined.
Bitcoin consolidates between $77,000 and $81,000
The article suggests that Bitcoin is currently fluctuating around $78,200, with market focus on the range between $77,000 and $81,000. Previously, after breaking through the range of $63,000 to $65,000, Bitcoin had reached the 200-day moving average of around $72,300, which is seen as an important signal of recent structural improvement.
Judging from the current trend, there is still selling pressure in the range of $80,000 to $81,000, but the bears have not been able to push the price back below the pre-breakout range. If the price can hold firm in the future, the market may test the vicinity of $82,000 again; if it falls, $76,500 to $77,000 will be the recent support level, with the more critical defense line still being in the $72,000 to $73,000 area.
HYPE experiences high-level fluctuations, but remains stronger than most tokens.
The article states that HYPE is currently trading at around $84, which is a significant increase from the previous range of $58 to $60. Unlike the rapid reversal of gains, HYPE has recently shown more sideways movement at high levels, with prices fluctuating between $79 and $86 several times, and there is still buying interest in the vicinity of $80.
From a positional perspective, HYPE is still significantly above multiple medium and long-term moving averages, indicating that the previous upward trend has not been broken. However, the significant increase in a short period also means that the pressure for a pullback has not disappeared. The text mentions that if the price continues to remain above $80, the market will still pay attention to the resistance range between $85 and $87; if it falls below that, the area around $75 to $73 may become the next observation zone for a pullback.
DOGE and SHIB return to the short-term support level
In contrast, the trends of DOGE and SHIB are more inclined towards recovery. DOGE is currently around $0.0823, with the range of $0.080 to $0.082 considered the most important short-term support level. The article argues that as long as this area is not breached, the upward structure formed in August has not been completely destroyed, and there is still a possibility of retesting the levels of $0.086 and $0.09 in the future.
SHIB is hovering around $0.00000518, with the range of $0.0000049 to $0.0000050 being the current main support level. If this level can be held, the price may once again test $0.0000054 to $0.0000055; however, the higher 200-day moving average, which is around $0.0000057, remains a stronger resistance. The article also points out that the momentum indicators for both tokens have fallen from their earlier highs, indicating that market sentiment is more restrained compared to the previous round of gains.
