6.10 Midday Analysis

From the 1-hour chart perspective, the current price is trading below the middle band of the Bollinger Bands, with the upper band continuously pressing downward, remaining in a generally weak oscillation pattern. However, the lower band of the Bollinger Bands has formed a clear support, with the price testing this zone multiple times without a significant breakdown. After touching a low of 60758, it stabilized and rebounded, with doji and small-bodied bullish candlesticks gradually signaling a halt to the decline. Additionally, the Bollinger Bands are narrowing, indicating that short-term downward momentum is weakening, providing room for short-term bullish trading.

The current price of 61193 is close to the lower Bollinger Band support zone and also at the lower edge of the previous consolidation platform, making the risk-reward ratio for long positions relatively favorable.

Trading suggestion: Buy low at 60300-60800, $HYPE target 62300-62800.