Hyperliquid (HYPE) outlook: After $75.51 high on 02 June, bulls defend the uptrend

After printing an all-time high of $75.51 on 02 June, Hyperliquid (HYPE) has pulled back 21.2% while Bitcoin slid from around $74K to below $59K. The trend structure on higher timeframes remains bullish, but key Fibonacci levels suggest HYPE could revisit $52.52 or $46.21, and potentially the $38.17 swing low. On shorter timeframes, a bounce may extend toward $63 before another leg down, with traders watching $65.78 as a nearby invalidation level.