$HYPE 71.34! Bulls and bears whales are fiercely battling at the 70 mark!


Bros, HYPE is seesawing at the $70 mark, with both bulls and bears losing their minds.
Fundamentals:
Bear whale holding the line: A whale shorted 690k HYPE with 3x leverage, entry price 66.02, stop loss set at 70.78. Currently floating loss of 3.3 million, still holding on—once the stop loss level is broken, it could trigger a short squeeze.
Bull whale with huge floating profit: Another whale went long on HYPE at $38.67 with 5x leverage, floating profit has exceeded 44.74 million. The huge floating profit could lead to selling pressure at any time.
Technical analysis:
Resistance above current price: 72.2-73; support below: 70.0; if broken, next level at 68.3.
Gongming's view:
The short whale is holding on with a floating loss of 3.3 million, while the long whale has a floating profit of 45 million and could sell at any time. Whoever can't hold on first will be forced out.
Trading strategy:
Aggressive: Enter long near current price of 71.
Conservative: Wait and see; go long if it breaks 72.2, or go short if it breaks below 70.
When gods fight, we retail traders should stay out; wait until one side falls, then pick up the scraps.
#GUSD年化升至3.8% #Strategy上周减持3588枚BTC
HYPE2.76%
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