April 29 15:44 Afternoon $DOGE Short-term formation of a high point with a continuously declining structure, selling pressure coming in waves, market weak and resonating downward.

One-hour technical analysis indicates a bearish trend direction (for reference only).
(Current price can be used for shorting entry)

Current price: 0.104 (Dogecoin) at the end of rebound + golden cross trap, heavy pressure on the long-term cycle, shorting at high points is safer.
1. Trend Logic

1. Golden Cross Trap (Core)

• 1H MACD Golden Cross: Short-term false bullish signal, 4H/daily chart still under pressure zone (0.102–0.105).

• Volume shrinking: No volume on rebound, typical of pulling up to sell, not a true breakout.

• Historical pattern: High-level golden cross + RSI overbought (>70), high probability of correction the next day.

2. Key Resistance Strong Pressure

• First resistance: 0.104–0.105 (previous high + chip peak), repeatedly unable to break through.

• Second resistance: 0.108–0.110 (strong pressure zone), difficult to突破.

• Current price 0.104 is directly stuck at resistance, weak upward momentum, high risk of pullback.

3. Funds and Structure

• Funding rate turning positive then falling back, weak willingness to chase longs.

• Daily double top pattern, neckline at 0.10, breaking below confirms a shift to short.

• BTC moving weaker in tandem (below 77,000), dragging down DOGE with the market correction.
2. Short Position Strategy (around 0.104)

Entry (2 options)

• Current price 0.1035–0.1045, short directly (light position).

• Rebound to 0.1055–0.1060, add to short (heavy position zone).