$DEEP recent price action reveals some noteworthy signals from a technical perspective.

Looking at the moving averages first. After a rapid short-term rally, the price has clearly diverged from the 4-hour EMA 30, and a divergence of this magnitude typically doesn't hold for long—the market itself will generate demand for technical correction. A more direct signal comes from the 1-hour timeframe, where the short-term moving average (EMA 7) has started to turn down with signs of forming a death cross through EMA 15, clearly reflecting weakening short-term momentum. The key point to watch now is whether price can find support near EMA 30.

The MACD indicator shows a clearer picture. On the 1-hour chart, the fast and slow lines (DIF and DEA) have already formed a clear death cross at elevated levels, and the red momentum histogram is gradually expanding, confirming strengthening bearish momentum. If this signal is also confirmed on the 4-hour chart, the depth and duration of the pullback could be more substantial.

Viewing both signals together, the moving average divergence combined with the MACD death cross at high levels creates a resonance that further reinforces the validity of the short-term top structure. If the next rebound fails to effectively break through the previous high point and the MACD indicator fails to regain strength, strategy-wise you should expect the pullback to continue. Without actual effective breakdown of support levels, bears maintain the advantage, but in practice, positioning should primarily focus on selling rallies after corrections, while strictly implementing stop-losses.