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I watched HYPE all day today, and the emotional ups and downs with the price really made me tired...
This morning, I saw $41.5 and was still thinking about whether to add to my position, but I didn't notice and it dropped to $40.6. In the end, it closed at $41.03, a 5.47% drop for the day, and it's hard to say I wasn't heartbroken. The 400 million trading volume shows everyone is struggling, and I am one of them.
What impressed me the most was that midday surge, dropping straight down from the high of $43.4, with a 6.90% fluctuation that made my palms sweat. At that time, the fear and greed index had already reached 29, clearly feeling the shift in market sentiment. A few friends around me were asking whether to cut losses, but I felt that in such times, staying calm is even more important.
During my review in the afternoon, I found that today's trend actually aligns well with the overall market sentiment. The BTC perpetual funding rate is -0.0027%, basically neutral, indicating at least no panic selling. For emerging assets like HYPE, in a market driven by fear, volatility can indeed be amplified.
Honestly, I didn't make any moves today; I just observed quietly. Sometimes, not trading is also a trading strategy. At the current $41 level, the technicals still look relatively stable, but it depends on whether it can hold on in the future.
Continuing to watch tomorrow, maintaining patience in this market environment is more important than anything else.