BEAT drops to 3.6 and you get soft? Don’t be fooled, shrinking volume sideways trading is the "night before the storm." Don’t mistake low volume for a bottom; that’s the main force waiting for the next wave of "bottom-fishers" to enter and buy in.

Technical analysis: The 1-hour chart is "lying flat," but the trend hasn't changed.
BEAT current price is 4.17, BOLL three lines are tightly converging, the price is stuck near the middle band, MACD is still below the zero line, although the red histogram is shrinking, both DIF and DEA haven't crossed above zero. This "golden cross" is called weak convergence, not a reversal signal.
Volume has shrunk to the extreme, indicating no one is willing to buy the dip here, nor is anyone willing to push the price up.
Liquidation map + smart money: The bullish positions above haven't been fully liquidated. Looking at the liquidation map, the 4.30–4.50 range is filled with short liquidations. The main force might push up first, with long liquidations around 3.6 below.
As long as the price moves up to 4.30, it’s stepping into the "minefield."
A more direct overview of smart money: Long positions have been cut from 24M to 15.7M, with an average cost of 6.0, floating loss of -6.88 million — the main force is all trapped above. Do you think they will push it up to free themselves? Don’t be naive.
Although short positions are losing money, their cost is 4.12, basically break-even, and they can add to their positions at any time to push lower.
Personal opinion: Continue short from 4.30–4.60, target 3.80–3.60.
Shrinking volume sideways trading is not a bottom; it’s a downtrend continuation.
Don’t buy the dip, keep shorting. #我的Gate交易时刻 $BEAT