Look at this hype market, my first reaction is: this market maker is really good at stalling. The price is pinned at 73.95, with a dense array of orders but all small orders, the order imbalance +16678 looks like there's plenty of buy pressure, but the price just won't move. The best bid at 73.95 has nearly five thousand contracts stacked, while the best ask at 73.96 has eight thousand contracts pressed down, both sides pushing against each other—like two gatekeepers—if you want it to go up, it's pressed down from above; if you want it to go down, it's supported from below.



This is a typical case of "support without lifting, pressing without smashing," waiting for news or for the opposing side to enter the market. The transactions are even more telling; at 14:10, a single trade was only 31 contracts, probably no big moves all day, indicating no one is really trading right now.

In the short term, 73.50 is the small support below, and 74.50 is the resistance above. Before volume picks up, it's just oscillating within this one-dollar range, and those trading contracts are just being repeatedly harvested. My advice is: either wait for a volume breakout above 74.50 to chase in, or wait for a pullback near 73.50 to stabilize and add a small position. #我的Gate交易时刻 $HYPE
HYPE-1.84%
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