BEAT has been oscillating within the 0.7 to 0.9 range recently, with funds entering the market, and both bulls and bears engaging in quantitative battles.

The resistance levels are around 0.88, 0.87, and 0.85, with each rebound reaching a lower high, indicating that the bullish momentum is weakening. Support levels are near 0.71 to 0.74, with each dip forming higher lows, showing that there are still many buyers protecting the market.

This kind of movement usually signals an imminent trend reversal. If the price continues to be pushed down, the main players' cost basis will become very low, making a subsequent rally almost inevitable to shake out short-term followers. There is also pressure from airdrops ahead, so this oscillation is likely to continue in the short term. However, since it hasn't broken below 0.7 for so long, from this perspective, the main players are probably gradually accumulating within the 0.7 to 0.9 range.

Currently, there's no need to rush into buying, especially around the 0.8 level, as the risk-to-reward ratio isn't very favorable. I myself was too eager to go long and am now trapped, hesitant to add more positions.

For friends who haven't entered the market yet, it might be better to consider building positions below 0.75. In this sideways market, there's a high probability of acquiring chips near 0.7.