BEAT current report 2.7249, the price has retreated after hitting the high of 2.8500, and the 4-hour level shows a high position stagnation structure after a massive surge. Although the daily increase exceeds 85%, the price has significantly deviated from the moving average system, and bullish momentum shows obvious signs of exhaustion, with heavy selling pressure above, and the technical correction pressure has sharply increased.
The current strong resistance for the rebound is clearly located in the 2.7800–2.8500 area, which is constituted by previous highs and psychological barriers forming an iron top suppression. The key support below is located in the 2.4000–2.5000 range, where there was a previous dense trading area and the starting point of the V-shaped reversal. Once this level is broken, it will open up a downward space to 2.2000–2.3000.
In terms of operations, the focus is on waiting, closely monitoring the 4-hour candlestick chart. We need to wait for a solid bearish candlestick to confirm the start of bearish momentum before considering shorting in batches in the 2.7200–2.7600 range, with a stop loss above 2.8800 and a target of 2.5000–2.5500. If the price directly breaks below 2.5000 with a large bearish candlestick, we can short with a light position.
