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$HYPE Long and short battle of 90 million USD! Someone is bound to have trouble sleeping tonight?
There are no unwarranted rises in the crypto world, only carefully crafted schemes by the major players.
This market is like two strongmen tugging at a rope, and it's about to snap! As shown in the chart, these two strongmen—bulls and bears—are currently face-to-face at the 58.4 level, nearly evenly matched. The bulls spent 9 billion yuan stocking up, and the bears are not holding back either, throwing in 8.9 billion yuan.
The liquidation map shows that the $60 level above is the bulls' "cash machine," and also the bears' "slaughterhouse"; the $57 level below is the bears' defensive line. Now the price is stuck in the middle, caught between a rock and a hard place.
Trading strategy
Go long: around 57-58, target around 60-62; go short: around 62-61
I believe the bulls can hold their ground!