Wintermute: Market Must Absorb Profit-Taking, Eyes BTC, ETH, SOL and HYPE
- —Wintermute says June's market low remains valid after the rebound
- —Fed rate hike and CLARITY Act failure are largely priced in
- —BTC, ETH, SOL and HYPE are this week's focus; HYPE target at $100
- —Key task is forming new support levels while absorbing profit-taking
Why it matters: A call from a major market maker frames the week: the market may consolidate rather than sell off while holders take profits.
Source: TokenPost