Crypto just snapped back from last week’s sell-off—but the rebound is wrapped in caution. Options flow shows a tilt to calls on majors like ETH, while BNB’s surge drew heavy put hedging. With event catalysts (ETF decisions, a Solana conference) and key levels in play, traders face a classic “grind higher or whip lower” setup. Here’s the concise roadmap for HYPE, BNB, ETH, SOL, and ADA, plus one options-first plan to stay flexible and protected.

Market Snapshot: Fear, Then Focus

Bitcoin hovers near $111K, Ether holds above $4,000, and sentiment remains cautious (Fear & Greed ~30). Options skew is constructive on BTC/ETH, but BNB shows roughly 4× more puts than calls—signaling profit-protection after an ATH push. Expect rallies to be tested at overhead supply and supported dips to be bought aggressively—but with tight risk controls.

HYPE: Range Play Between $30 and Low-$40s

Hyperliquid trades around $38–$39 after a dip to ~$34. The market is defending $30 support; upside relief rallies target $45–$50 if volume returns. For now, momentum is unclear, so treat it like a range.

• Structure: Buy near $30–$32 support only with confirmation (higher low + volume). Trim into $42–$45.
• Invalidation: Close below $30 signals more downside—step aside.

BNB: Rally Meets Hedgers at $1,140–$1,200

BNB printed a high-volume move toward $1,144 but met resistance around $1,140–$1,200. Immediate support sits at $1,100, stronger support at $1,050. The put-heavy positioning shows larger players are protecting gains.

• Breakout plan: Only chase above a strong close over $1,200 with rising volume; target mid-$1,300s.
• Hedge plan: Long spot? Consider protective puts while price is under $1,200.
• Invalidation: Loss of $1,100 opens a path to $1,050 and consolidation.

ETH: Hold $4K, Eyes on $4.4K Break

ETH is coiling between $4,000 support and $4.3–$4.4K resistance. Calls are stacked around $4,000–$4,500, reflecting a bullish skew.

• Scenario A: Buy retraces toward $4,000 with tight stops below the level; scale out near $4,350–$4,400.
• Scenario B: Break-and-retest above $4,400 for momentum continuation toward the ATH zone.
• Risk: A clean break below $4,000 flips momentum—hedge or reduce risk fast.

SOL: Event-Driven Shot at $200

SOL reclaimed the $190+ area after defending an ascending trendline. With the Accelerate APAC event Friday, the market is primed for headline volatility. The short-term range skews $180–$220, and a decisive close above $200 could extend to the $206 EMA and beyond.

• Event play: Consider a defined-risk volatility strategy (e.g., long options) into the event.
• Trend play: Buy strength only on a daily close above $200; invalidate on a close back below $192–$195.
• Risk: “Sell-the-news” dips to $180–$178 must hold to keep the uptrend intact.

ADA: ETF Binary and a Technical Coil

ADA rebounded to ~$0.67 after defending $0.60. A break over $0.70 targets $0.75–$0.78, then $0.80–$0.85. The looming spot ETF decision window is a true binary catalyst; disappointment risks a slide back toward $0.60.

• Trigger: Momentum entry on daily close above $0.70 with volume.
• Protection: Stop below $0.64–$0.65; stronger invalidation below $0.60.
• Binary hedge: For exposure into the decision, use options to cap downside.

Why Options Matter This Week

With catalysts stacked, options give defined risk (premium only), no liquidations, and flexibility to trade direction or volatility.

• Directional: Calls for upside (ETH $4.4K break, SOL >$200), puts for protection (BNB under $1,100 risk).
• Volatility: Straddles/strangles around binary events (ADA ETF, SOL event) when direction is uncertain.
• Carry: No funding fees versus perps if holding through news.

One Actionable Game Plan

• Map levels: HYPE $30/$45–$50; BNB $1,100/$1,200; ETH $4,000/$4,400; SOL $180/$200; ADA $0.60/$0.70.
• Set alerts and trade only at your levels; avoid mid-range chop.
• Pick one catalyst to trade with options; size small, risk capped to premium.
• Pre-define invalidation on spot/perps; cut losers quickly, trail winners.

Risks to Respect

• Event timing and headline surprises can gap through stops.
• Post-event IV crush can hurt option buyers—time entries carefully.
• Liquidity pockets around levels may cause wicks—use limit orders when possible.

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