1. Market Analysis: Increasing Long-Short Battle, Short-Term Faces Correction Pressure

Price Status: As of recent trading data, HYPE’s real-time price is hovering around $41.85, up about 3.47% over the past 24 hours, and outperforming the overall market.

Technical Analysis:
On the daily timeframe, it is in a potential **Wave V upward structure** since the low of $34.44 on April 2nd, and the medium-term bullish trend remains unchanged. However, the 4-hour chart shows the price has risen for 10 consecutive days, nearing the strong resistance zone around the previous high of $43.78, and technical indicators (RSI divergence/overbought) are sending warning signals, suggesting that at the very beginning of this week there is a very high likelihood of choppy consolidation with a correction pullback or a retest.

News Signals:
Whale addresses have placed take-profit sell orders above $43.5, creating a “ceiling” effect. Although Bitwise’s ETF application brings long-term positive sentiment, and platform crude oil positions have surged, the overall market is still in an “extreme fear” state, and short-term profit-taking needs to be digested.

Key Levels:

· Important Support: $39.7 - $38.7 (First defense zone), $37.5 - $38.0 (Strong support core zone, and also a key low-entry area).
· Important Resistance: $42.3 - $43.5 (Short-term sell-pressure zone), $44.9 - $45.0 (Breakout confirmation zone).

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2. Specific Trading Strategies (HYPEUSD)

Core Strategy: Bullish in the medium term, but avoid chasing price in the short term; wait to buy the dip after the pullback to support levels.

1. Long Strategy (Main Strategy)

· Entry Points: $37.8 - $38.5 USD area (near the 4-hour uptrend line support and the prior consolidation midpoint).
· Stop-Loss: **$36.8 USD** (if it breaks below the $37.24 support zone from the previous low, exit to avoid risk).
· Position Sizing: 30% of the total account (medium position).
· Take-Profit Targets:
· First Target: around $43.2 (near the previous high).
· Second Target: $45.0 (after the breakout opens up the space).

2. Short Strategy (Auxiliary/Hedging Strategy)

· Applicable Scenarios: If the price rebounds to $43.5 but cannot effectively break through, and a 15-minute top divergence appears.
· Entry Points: $43.2 - $43.6 USD area (short on the left side trial).
· Stop-Loss: $44.2 USD (breaks through the recent whale order sell-pressure zone).
· Position Sizing: 10%-15% of the total account (light position for a short-term trade; quick in and out).
· Take-Profit Targets: $39.5 - $40.0 (pull back to support).#Gate13周年Dr.Han公开信 $HYPE ‌

Summary: The best current risk-reward strategy is to patiently wait for the price to pull back **$38 nearby** to set up long positions. If it directly rallies and reaches $43.5, chasing the high is not recommended; instead, you can use a small position to bet on a short-term short.