$HYPE Can we still chase the highs? Whales are in a standoff, and a medium- to long-term shakeout is imminent!

RSI textbook-level short-term overbought!
The 1-hour Bollinger Bands are approaching the upper band, and the MACD red bars are shrinking significantly.
RSI above 85 means that whenever it hits this level, there’s over a 90% chance of a short-term pullback.
Don’t be fooled by the tempting K-lines of over 90% profit users—main players are already earning more by clearing both longs and shorts in succession.
Entering at this position—are you trying to fuel the whales?
Whale longs and shorts are showing their fangs!
TOP1 long position has an unrealized profit of $34 million, TOP2 short position has an unrealized loss of $7 million, but the spot main players have been aggressively absorbing $48.09 million in hype over the past four days.
Both sides moving in the same direction indicate a very strong long-term trend, and short-term corrections are inevitable.
Wall Street ETFs poured in $161 million in the first month, and the long-term logic driven by 99% fee buybacks is the real driver—true long-term positions won’t start here; after shaking out, then push forward!
Trading strategy:
Short: Short near the current price of $64.90
Long: Wait for a pullback to $63–63.5 before entering long
RSI is already seriously overbought, so short positions are just for riding this short-term pullback.
Don’t go against the trend!
But remember, the strong long-term logic is still there—finish your short-term trades and then quickly exit!
‍#比特币反弹