It's another hot search day. BEAT has suddenly gone viral, with its volume rising by 80% and increasing by 2800% from its low point. Looking at these numbers, many people want to jump on the bandwagon. But hold on—there may be a big pit hidden behind this.

The news seems very lively, but liveliness is often an illusion. There's an old saying that "when good news is fully priced in, it becomes bad news." When everyone is discussing how it has risen dramatically and wants to buy, that is precisely when the risks are the greatest. Institutions may have quietly sold off at high levels, while most trend followers could very well become the last holders.

Looking at the technical side, the signals are much clearer.

Pull up the 4-hour K-line chart, and several key positions are very clear: the resistance level is at 4.7, which is today's ceiling and difficult to break through effectively; once it approaches, strong selling pressure will be encountered. The bullish-bearish dividing line is at 3.8; once it falls below this level, the downward space will be completely opened up. The support below is sequentially at 3.0 and 2.3, with 3.0 being the short-term support, but the real bottom to stop the decline may have to look at 2.3.

The most dangerous signal has appeared: the yellow and white lines of the MACD have completed the golden cross and turned into a death cross, and this occurred after steadily climbing above the 0 axis, which typically indicates that the upward momentum has been exhausted, and the bears are starting to fight back. Coupled with the shrinking volume — the funds chasing higher prices are lagging behind — along with both the RSI and MFI warning of overbought conditions and divergence, the technical alarm lights are all on.

In the short term, BEAT is bearish, which is the most rational judgment at the moment.