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Recently, although Elon Musk's department has "not saved money by layoffs" and instead experienced a "surge in expenses," this has caused ripples in the crypto circle. Don't think this is just political news—whenever Musk makes a move, DOGE tends to jump along. He has recently resumed donations to a certain political camp, and such policy expectation changes will short-term significantly stir market sentiment, with capital sensitivity reaching a peak.
On the technical side, the 1-hour K-line has already given signals:
**Two layers of resistance above:** 0.13070 is the key resistance today, and 0.13445 is a stronger cyclical resistance. Once these hurdles can't hold, the trend will turn downward immediately.
**Support distribution below:** 0.12687 is the true boundary between bulls and bears, and 0.12341 is the intraday support bottom. If it really drops, 0.11972 is the level that can be caught.
The MACD's yellow and white lines are slowly rising near the 0 axis, indicating bullish momentum is building, but a death cross signal has already appeared—this usually means the oscillation trend is nearing its top.
**Trading logic is clear—** tonight is likely to follow the pattern of "rise then fall." First, lure the bulls up, then turn around and dump to harvest.
How to interpret this specifically? If it stalls around 0.13070 after a push, that area is actually a trap for short positions, with the subsequent target in the 0.12687-0.12341 range. Conversely, if it breaks below 0.12687 directly, a short-term rebound opportunity appears, but the main trend still depends on whether 0.11972 is broken.
**Operational suggestions for two scenarios:**
For those with heavy positions, gradually reduce holdings during the rally, saving bullets for low-level opportunities. Traders without positions can try a light long around 0.12341, but avoid rushing to add before breaking 0.11972. The core of oscillation is to eat both ends; greed is the beginning of losses.