$BEAT I. Price and Trend

1. Short-term rebound after a sharp drop: Within 24 hours, the price fell from a high of $2.8623 to a low of $1.6660, a significant drop, followed by a rebound to around $2.01. Currently, it is still about 28% lower than the recent high point, indicating a weak recovery after a sharp decline.

2. Clear moving average suppression: In the 1-hour chart, the price is below the EMA(7), EMA(25), and EMA(99). The 4-hour chart has not risen above the short-term EMA moving averages, indicating that the medium-term downtrend has not changed, and the rebound strength is limited.

II. Volume and Indicators

1. Trading volume: During the decline, the trading volume increased, and during the rebound, the volume shrank, reflecting insufficient buying support, and the rebound lacks volume support.

2. RSI indicator: The 1-hour RSI(6) has risen to 51.44 (close to neutral and slightly strong), but the 4-hour RSI is still in the weak zone below 50, indicating a short-term oversold rebound, while the medium-term remains weak.

III. Key Support and Resistance

• Support level: $1.6660 (24-hour low) is a strong short-term support. If it breaks, it may further decline; $2.00 is a psychological level, and breaking below it would end the rebound trend.

• Resistance level: $2.16 (EMA25) and $2.29 (EMA99) are the main resistances. Only by surpassing these levels can the short-term weakness be reversed.