HYPE rebounded to a high of 39.4 after finding support near 36.8, forming a "V" shape upward in the short term. However, the pressure above is significant, and the speed of the decline is rapid, indicating that selling pressure at high levels remains heavy. Current support focuses on the 37.6—37.3 range; if it can stabilize, it may test the 38.8—39.2 area again. The strategy is primarily short-term; if it stabilizes around 37.6, light long positions can be taken, with a stop loss placed below 37, targeting above 39. If the rebound is blocked by low volume, take the opposite position lightly, entering and exiting quickly within the range.