Looking at the recent trend of $BEAT, an interesting market divergence has emerged.

The bulls are in a pretty bad situation. Currently, investors still holding long positions are collectively in a floating loss of $1.53 million, with an average cost basis at 1.1355, while the current price is only 0.825. These traders are deeply trapped, with little room for action.

On the other hand, the shorts have only made $340,000 on paper, but their average cost of 0.9105 is getting closer to the current price. It’s almost hitting the take-profit level, and they could choose to close their positions or switch to long at any moment.

Price signals are even clearer. RSI has fallen to 24.6, indicating a severely oversold level. More importantly, the recent 24-hour trading volume shows a sell volume of 2.10M and a buy volume of 1.86M — the difference is minimal. The bears are showing no new moves, and their strength is clearly waning.

This is a typical bottoming pattern: the bulls are completely exhausted, and the bears have no energy left.

If you want to participate in the rebound, consider building positions gradually in the 0.82-0.83 range. The first target is 0.91 (which is the average cost basis of the shorts; closing their positions could trigger a price rebound). If that breaks through, the second target is 1.135 (the bulls’ cost line, but this requires volume support).

When others are in fear, that’s the best time to act. Right now, the protagonists in fear are the bulls.