Recently, I've been closely monitoring market news and several technical signals, and I've noticed some interesting phenomena. This time, I want to discuss the recent trend of HYPE, which may relate to your upcoming trading strategies.

The news is quite intriguing: a shift in the big short's attitude

I came across a key piece of information: a well-known short seller who makes around 7 million USD per month has recently changed his actions. He did a few noteworthy things: closed a large number of short positions, no longer extremely bearish; at the same time, withdrew 2 million USD, a typical partial profit-taking and safety move; the boldest move was taking out 7.8 million USD, buying HYPE spot while simultaneously opening an equal-sized short position for hedging.

The logic behind this operation is clear—he believes HYPE won't drop in the short term and may even rise, so he is positioning in the spot first; but he also considers market risks and unexpected situations, hence keeping an "insurance." Even the traditionally aggressive short sellers are starting to weigh the pros and cons. What does this indicate? It suggests that at this price level, many big players are beginning to reassess their positions.

Technical signals show new signs: MACD breaks through, but confirmation is needed

Looking at the 4-hour K-line chart, the current price is 24.664, just touching the marked support zone. The MACD's white-yellow line has crossed above zero, which usually indicates increased bullish momentum. Resistance levels are at 25.7 and 26.7, while support levels are at 24.66 and 23.58.

But there's a detail that can't be ignored—although the MACD crossing above zero looks promising, if subsequent volume doesn't support the move and the price can't reach near 25.7, the rebound might be just a false signal. Currently, the signal has appeared, but its confirmation still needs to be observed.

Trading advice: Don't follow blindly, watch the volume

The most common mistake at this point is getting excited and rushing to buy just because MACD crosses above zero. In reality, this position requires more caution—only a breakout with volume is worth participating in, as pure technical breakouts are often prone to false signals.