BEAT's trend, to put it plainly, is "rushing to the top and then hitting a wall, stuck halfway up the mountain grinding."

During the previous surge to the high of 8.2584, the rally was strong, but the subsequent crash was just as fierce. A single large bearish candle directly broke through the upward trend, dropping from over 8 dollars all the way down to over 6 dollars. Those who chased the high are now trapped at the top. Now, these trapped orders have become stones pressing down on the price, and every time the price pushes up a little, it gets hammered back down.

Currently, the price is stuck around 7.3, hovering for quite a while, with neither bulls nor bears gaining an advantage: the bulls want to push higher, but the trapped sell orders above are heavy, preventing a breakout; the bears want to smash it down, but the support below is quite solid, making it hard to break through. Several moving averages are tangled together, like twisting a braid, with no clear direction.

This kind of choppy market is the easiest to get caught in traps—if you chase the rally, it drops; if you cut losses, it rises again, sweeping stop-loss orders back and forth. Now, don’t mess around in the middle; either wait for it to stabilize above 7.6 and confirm a breakout before considering going long, or wait for it to break below 7 and stabilize—otherwise, it’s just giving away money, which isn’t necessary. #我的Gate交易时刻 $BEAT