AiCoin Data Insight: As the world's attention focuses on geopolitical conflicts in the Middle East and the tensions in the Strait of Hormuz, a reassessment of global asset pricing power has quietly unfolded on-chain. This is not only related to inflation and elections but directly addresses the foundation of dollar hegemony. Within this grand narrative, the WTI crude oil perpetual contract (CL/USDC) on the Hyperliquid platform is revealing its far-from-finished bullish journey in an extremely healthy technical form.

1. The "Value Anchor" Under the Macroeconomic Narrative: Why Are Oil Prices So Important?

The current geopolitical landscape provides strong fundamental support for oil prices, making it the core target of speculation at this stage.

Firstly, we must recognize that oil prices are no longer merely the price of an energy commodity, but rather a "barometer" of geopolitical and global monetary system dynamics. The Strait of Hormuz, as the throats of 20% of global crude oil trade, can trigger massive earthquakes in the global energy market with any shifts in control. The recent escalation of conflicts between the US and Iran has rapidly increased the risk premium associated with this maritime lifeline. This is not a short-term media hype but a real threat to the stability of global energy supply, forming the most solid underlying logic for rising oil prices.

Secondly, fluctuations in oil prices profoundly shake the "oil-dollar-US debt" core cycle that has maintained dollar hegemony for decades. In the traditional model, the US provides military protection, oil-producing countries like Saudi Arabia ensure oil is priced in dollars, and oil revenue is recycled into buying US debt. However, when the US can no longer fully guarantee the safe passage through the Strait of Hormuz, and Iran considers settling some oil transactions in RMB, cracks appear in this closed loop. The credit foundation of the dollar is challenged, prompting global capital to reassess dollar-denominated assets, while crude oil, as the most hardcore physical asset, sees its strategic value infinitely magnified in the context of "de-dollarization."

Finally, a significant "expectation gap" has arisen between mainstream market narratives and the actual value of assets. While most capital is still chasing narratives like AI and technology, the crucial yet traditional field of energy security is evidently underappreciated. This "undervaluation" itself creates enormous investment opportunities. Before a ceasefire agreement is reached, oil prices will fluctuate repeatedly at high levels, and each geopolitically driven fluctuation presents an excellent window for on-chain traders to capture excess returns using leverage.

2. In-Depth Technical Analysis: The Healthy Bull Market Pattern of CL/USDC

The 4-hour candlestick chart of CL/USDC on Hyperliquid displays a textbook-level healthy bull market structure, indicating that the current phase is merely a power accumulation stage in the upward trend and far from a peak.

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The initial wave of the "mad bull" and healthy retracement: The candlestick chart on AiCoin shows that CL price surged from around $61 to $118 in early March, a "mad bull" market with an increase of nearly 100%. This is the market's initial stress response to geopolitical risks and belongs to a typical "main rising wave phase I." Such a rapid increase must be accompanied by technical repair. The price has retreated from the high point of $118 to around $85, completing a healthy retracement of about 30%. From a Fibonacci retracement perspective, this retracement has not touched the strong-weak demarcation line at 0.618, representing a strong adjustment, indicating that the core of the bullish trend has not been damaged.

"W"-shaped bottom formation and re-consolidation of bullish strength: Within the critical support range of $85-90, the price has formed a clear "W"-shaped bottom pattern. In technical analysis, a "W" bottom is a strong bullish reversal signal. It represents support rebound after the first bottom, followed by bears attempting to attack again but failing to create new lows, ultimately allowing bulls to completely regain dominance. This process has cleared out profit-taking positions and gathered a new round of bullish strength. Currently, the price has successfully stabilized above the MA7 moving average (at $98.733), which is a clear signal of strengthening short-term trends.

MACD Golden Cross and Confirmation of Upward Momentum: As a core indicator for trend judgment, MACD also provides a strong bullish signal. From the chart below, we can see that the DIF fast line (0.868) has crossed above the DEA slow line (0.598), forming a "golden cross." More importantly, this golden cross occurred near the zero axis, and both lines have now entered the bullish area above the zero axis, with MACD red histogram bars continuing to expand. This "golden cross + standing above zero axis + red bars expanding" triple confirmation is a highly reliable bullish signal for the market, indicating that a new round of upward momentum is brewing.

3. Huge Upward Potential, Where Are the Targets Aimed?

Combining the above macro and technical analysis, we have ample reason to believe that the current trend of CL/USDC is extremely healthy and at the starting point of the second phase of the bull market. This is a high-risk-reward entry area.

- Short-term target: Break through the $100 psychological barrier and challenge the previous consolidation high of $105.

- Mid-term target: Once it effectively stabilizes above $105, recovering the previous high of $118 will be highly probable.

- Long-term outlook: If geopolitical tensions continue and the foundation of dollar credit shakes, oil prices breaking above $118 and opening up broader imaginations is entirely worth looking forward to.

4. AiCoin × Hyperliquid: The Best Tool to Capture the Oil Bull Market

Faced with such a clear trading opportunity, what you need is a trading platform that allows you to "see clearly and grasp firmly."

- See Clearly: AiCoin provides professional and powerful chart analysis tools and real-time on-chain data to help you spot every subtle market change.

- Grasp Firmly: AiCoin has now deeply integrated with Hyperliquid, supporting one-click authorization trading and lightning orders. You can open a market order with one click through a floating panel while analyzing charts, ensuring you don't miss any entry opportunity.

The operation is super simple:

Step 1: Open the CL/USDC perpetual candlestick chart on the Hyperliquid platform via AiCoin.

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Step 2: Check the lightning order option in the candlestick toolbar.

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Step 3: Directly click the green "Buy Long" or red "Sell Short" → Instant transaction.

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Act now and start your oil trading journey!

Exclusive benefits: By registering through AiCoin or authorizing Hyperliquid, and binding the invitation relationship (Invitation Code: AICOIN88), you can enjoy 4% savings on transaction fees!

- Invitation link:

https://app.hyperliquid.xyz/join/AICOIN88

📖 Newbie Guide:

- "AiCoin PC Hyperliquid Authorization Trading Tutorial":

https://www.aicoin.com/zh-Hans/article/514197

- "Zero Basics! Hyperliquid First Trading Ultra-Detailed Illustrated Guide":

https://www.aicoin.com/zh-Hans/article/510225

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