This wave is significant, the recent market of $HYPE is out of control, it can break people's mentality!
Breaking through 38.3! Is it a trap to entice the bulls or the horn of a bull market counterattack?
HYPE prices are being pressed very tightly, like a spring compressed to the limit, ready to bounce or break at any moment. Short-term bulls have BBI support, but trading volume has shrunk to the lowest in a month, MACD has turned positive but without a golden cross, like an engine without fuel, any breakout might be a bluff.
Hong Kong just released stablecoin regulations, the US has imposed tariffs, and the EU has retaliated; global policies are tightening, but compliant stablecoins are attracting over 20 billion. BlackRock's ETF scale has surpassed 52 billion, and MicroStrategy has hoarded 250,000 bitcoins, with traditional capital frantically bottom-fishing.
Operational advice: If it breaks 38.3, you can lightly go long to 39; if it drops below 38.04, prioritize shorting to 37.8, but don't use high leverage. The range of 37.8-38 can be tried for long, but if it breaks 37.7, stop loss must be executed.
Pay close attention to this afternoon from 4 PM to 6 PM. If the project team does not announce a buyback or cooperation within 24 hours, the probability of a short will soar to 65%.
If Bitcoin drops below 117,500, HYPE may follow with a 10% decline. Don't rush to gamble on direction now; wait for the volume to explode or key levels to break before making any decisions.
Still unsure how to operate in this market? Follow me; I'll provide the strategy, but the execution depends on you! There are only so many positions; the quick will take advantage, while the slow will miss out!
