Dear crypto friends, I am Qi He, your old friend. I just came across a news flash, and combined with the current market situation, I feel I must say a few words. Many people are focused on HYPE, and they must be anxious: can this coin still be played?


News: Major good news, but why is it not rising?


The first image has been seen by everyone, "The HYPE in the aid fund address has been officially destroyed." 85% voted in favor, which is a definite deflationary benefit! Theoretically, with fewer tokens, they become rarer, and their value should increase.
But why is the market looking so panic-stricken? This is a classic tactic in the crypto world: "Buy the expectation, sell the fact." It’s likely that this news has already circulated in small circles, and some people have positioned themselves early, just waiting to dump when the news is announced to the latecomers. So, don’t rush in blindly just because of good news; this is the first piece of advice from Qi He.

Technical analysis: Bears firmly control the situation.


Pay close attention to the second 4-hour candlestick chart, which is very clear:
Trend: All moving averages are sloping downward like a waterfall, a typical downtrend. Don't easily call a bottom before a reversal.
Key levels: Clearly marked on the chart.
Upper resistance: 26.82, the most important level tonight and in the short term. If we can't break through, all rebounds are just paper tigers.
Floor below: 24.75, currently at 23.86, has already broken! This is a dangerous signal.
Gate of the abyss: 22.0, if 24.75 can't hold, this is the last psychological defense line for the bulls.
Indicators: MACD is hovering below the 0 axis, the yellow and white lines are in a death cross, and the energy bars are also green, indicating that the bear strength has not been fully released. The volume has shrunk, indicating that everyone is watching and no one dares to easily buy the dip.


Qi He's personal opinion:
In the short term, bears are dominant. Relying solely on a 'destruction' positive news is unlikely to immediately reverse a 4-hour downtrend. The market will likely first test the strong support level at 22.0 to see if an effective rebound can form there.
Want to shoot directly up to 26.82? Extremely difficult! Unless there is a huge influx of new capital, or a more explosive positive news comes along with increased volume, a V-shaped reversal is unlikely. Otherwise, the more probable path is to repeatedly fluctuate between 22.0-24.75 to build a bottom.


What should the player do? Qi He gives you three options:
For those heavily invested: It's too late to cut losses now. Focus on the support level of 22.0. If it drops here and shows a significant 'spike' with a quick rebound, and the 4-hour candlestick closes with a strong bullish candle, you can consider adding to your position to lower costs.
For those lightly invested or holding no position: If you're itching to buy the dip, hold back! The best strategy is 'no rabbit, no eagle.'
For short-term experts: A fluctuating market is your stage. You can buy high and sell low within the range of 24.75-22.0. But remember, this is a dangerous game; always set stop losses and act quickly.



I am Qi He, an analyst who only wants to help you avoid traps and make money. If you find it useful, give a follow, and we'll see the truth in the market! Remember, Qi He doesn't play games; what you want is understandable, profitable content, and what I want is to help you avoid pitfalls and seize opportunities.#美国宏观经济数据上链 #加密市场观察