I am Qi He, an old hand in the crypto circle for many years, and now a senior financial analyst. Tonight, many friends are asking me how BEAT is going, so I won't beat around the bush and will get straight to the point, explaining it to you in the simplest words!
News: Trump's 'consideration' is not simple!
Just now, news broke that Trump is willing to 'consider' pardoning the developers of Bitcoin privacy wallets. While this doesn't directly target BEAT, it's a significant positive sentiment for the entire cryptocurrency community! It sends a signal: the higher-ups may show a more favorable attitude towards cryptocurrency regulation. Such news often ignites market speculation, bringing a 'tailwind' for currencies like BEAT.
Technical aspect:
Above, 3.33 and 3.5 are two mountains; below, we are standing right at the 'key level' of 2.7423, like walking a tightrope; below, 2.55 is the next step down, and 1.82 is an important bottom line.
Technical indicators convey subtle signals: the white and yellow lines of MACD are above the 0 axis, maintaining a golden cross trend. This is what the chart is quietly telling us: the engine for the rise has not yet stalled. However, with nearly a 10% drop in price within a day, it serves as a cold reminder of risk.
What's worse is that the price is precisely suspended at the 2.7423 tipping point between bullish and bearish. One step up is heaven, one step down is a test.
What should players do?
Aggressive: Observe whether the price can stabilize in the 2.55-2.75 area and show a small bullish candlestick pattern, and you can try going long with a small position.
Conservative: Patiently wait for the price to truly break through and stabilize above the 3.33 resistance level before considering following the trend, as this offers higher certainty, but also higher costs.
Qi He's personal opinion:
Combining technology and news, my view is: the short-term volatility is biased towards bullish, but confirmation at key levels is needed. The possibility of a direct 'sharp rise' or 'sharp drop' is relatively small.
If you are unclear about the specific points, you can follow Qi He, who reminds friends who have followed me in the village 24/7. Join the chat room to help you avoid pitfalls, analyze the subsequent capital movements at the first time, and seize every profit window!
