HYPE hits bottom and surges! Smart money bets hundreds of millions, are the shorts about to be "slaughtered"?

There are no unwarranted rises in the crypto world, only carefully crafted schemes by the main players.

From the 1-hour K-line, the price has successfully stabilized above the middle band of the Bollinger Bands, the MACD has a bullish crossover below, and the bullish momentum is beginning to show. Combined with the liquidation map, there are dense liquidation clusters of short positions in the 59.32 to 60-61 range above the current price, which means that a slight breakout could trigger a chain reaction of short squeezes.

Looking at the smart money data, whale traders hold a total position of up to $181 million, with a bullish ratio of 68.11% in profit, indicating that the main capital has strong confidence in controlling the market. Additionally, the overall cryptocurrency market is rallying, creating a favorable external environment for HYPE.

Strategy

Long positions near 59 - 59.5, target around 60.5 - 61;
Short positions near 60 - 60.5.

In the short term, driven by whale buying and low-level accumulation, HYPE is expected to continue its rebound and test the previous dense trading zone resistance. However, caution is advised regarding macro sentiment changes.

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