The price action on the 4-hour chart is already very clear—it's a bearish trend. The price has repeatedly tested that key supply zone around 0.70 but just can't break above it, and then it keeps making lower highs—this is actually a sign that buying momentum is gradually drying up, and the main trend is still moving downward.

I'm now deciding to go short, mainly based on the momentum shift visible on the lower time frames. On the 1-hour chart, the RSI has decisively dropped below the 50 threshold, indicating that sellers have regained control after the previous consolidation phase. More importantly, the current price is already below both the 21 and 50 short-term moving averages, which have now become dynamic resistance levels, further confirming the bearish setup.

Why do I think this is a good spot to enter? Because we're trading in line with the main trend, and short-term momentum is accelerating downward. The most recent support structure has broken down, so technically, the path of least resistance is toward the next major demand zone.

Specific trade plan:
Place a short order around the current price of 0.5015
First target: 0.4479
Second target: 0.3942
Third target: 0.3500
Stop loss at 0.5373

Token involved: #比特币对比代币化黄金 $COAI $FHE