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BEAT's recent trend is worth paying attention to. After a surge in volume pushing the price higher, it immediately pulled back, and the trading volume failed to sustain the strength. This is a signal.
From a technical indicator perspective, the situation is somewhat pessimistic. The RSI has already dropped to 23, firmly in the oversold zone, but the rebound strength is weak, and there is no obvious bullish divergence support. The MACD has been showing a death cross that continues to widen, and a complete downward channel has already formed. Currently, the price is around 0.3630.
Although oversold conditions often indicate a potential rebound, the current rebound energy is indeed insufficient, and the overall trend remains weak. Under these circumstances, the short-term bearish outlook still holds. For aggressive traders, there may be opportunities to intervene, but a clear understanding of the risks is necessary.