Svmuu News: 10x Research posted on X stating that the Bitcoin remains in a bearish trend structure. Although Bank of Federal Reserve Chairman Wash’s evasion of questions regarding interest rate hikes spurred a corrective rally in the market, the firm believes the ultimate low for this market cycle has not yet been reached.
10x Research pointed out that signs of capital rotation are worth paying closer attention to this week. While the Bitcoin continues to weaken, a group of small-cap tokens has broken above their 30-day moving averages and is significantly outperforming the broader market—a typical signal that capital rotation is beginning.
Furthermore, 10x Research believes that the Hyperliquid token (HYPE) remains overvalued and does not recommend holding it any longer. Traders may consider taking profits and exiting the position, shifting their focus to other assets with more favorable performance to position themselves early for the next uptrend.