Next is the chart analysis. The user mentioned that the chart shows the price falling after reaching a high point, and the moving averages (MA5 and MA10) indicate the short-term trend. From the MA data in the screenshot, MA5 is 2.09810, MA10 is 1.92291, but here it may be necessary to confirm if the units are correct, because the current price is 1.726, and the values of MA5 and MA10 seem to be higher than the current price, which may be an error or a unit problem. Assuming that there may be a decimal point error, for example, MA5 is 1.72910 and MA10 is 1.72291, which would be more reasonable because the current price is around 1.726, and the moving averages should be around it. If the moving averages are indeed higher than the current price, it indicates that the short-term moving averages are putting pressure on the price, which may not be favorable for long positions.

In terms of trading volume, the 24-hour trading volume is 305 million PIUSDT, equivalent to 523 million US dollars, with good liquidity. However, users mentioned that the price rebound was not accompanied by an increase in volume, which may indicate a lack of sustained momentum for the rebound, and caution is needed against downside risks.

In the technical indicators section, the MACD shows that the DIF line (0.31324) is above the DEA line (0.26019), and the MACD histogram value is positive (0.05304), indicating that short-term momentum is biased towards long positions but with weak intensity. However, the price is in a downtrend, which may form a bearish divergence, suggesting that the downtrend may slow down or reverse, but more confirmation is needed.

In terms of support and resistance levels, the support levels mentioned by users are at 1.7178 and 1.7045. The current price is close to the support levels. If it can be effectively supported, there may be a rebound; if it falls below, it may continue to decline. The resistance levels are at 1.7370 and the historical high of 1.953.

On the market sentiment side, the interface color is dark red, which may reflect bearish sentiment. However, users mentioned the ranking of price increases, but the specific ranking content is uncertain and may need to be ignored.

Other information such as trading depth, bid-ask spread, etc. shows good liquidity, but high-frequency trading may have slippage risk. Pay attention to position control with 25 times leverage.

Overall, the current price is experiencing a minor rebound after the decline, but it is being suppressed by the moving average. The MACD shows a weak long signal, but the overall trend is still bearish. It is recommended to be cautious in the short term, observe the effectiveness of the support level, and go short with the trend if it is broken, otherwise wait for shorting opportunities after the rebound. At the same time, pay attention to changes in trading volume and market sentiment to prevent sudden reversals.
Based on the real-time data and technical indicators of PIUSDT in the picture, the following is the four-dimensional trend analysis (combining price, volume, moving average, technical indicators):

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1. Price Trend: Short-term rebound is blocked, dominated by short positions
- Current status: Price is $1.72619, 24H increase +0.5%, but a recent 1-hour decline of 1.24%, indicating a rapid fall after a rebound, forming a 'rise-fall' pattern.
- Key Structure:
- Resistance above: Yesterday's rebound high of $1.7370 (about 0.8% above current price), failure to break through may trigger a secondary decline.
- Support levels below: Short-term support at $1.7178 (recent low), if broken, could possibly test $1.7045 (deeper support).

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2. Volume analysis: shrinking rebound, insufficient momentum
- 24H trading volume: 305 million PIUSDT (equivalent to $5.23 billion), sufficient liquidity but the price rebound is not accompanied by increased volume, indicating weak long positions support.
- Minute volume: When the current price falls, the selling volume increases (e.g., buy price $1.7369 vs current price $1.72619), short selling pressure still dominates.

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3. Moving Average System: Short-term moving average suppression, trend biased towards short positions
- Moving Average Arrangement:
- MA5 ($1.72910) and MA10 ($1.72291) are diverging downwards, with the price below the moving averages, forming a 'moving average suppression' pattern.
- If MA5 crosses below MA10 (dead cross), further confirmation of the short trend.
- Long-term moving average: The 30-day moving average ($1.7184) is close to the current price, which may become a key support or resistance.

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4. Technical indicator: MACD top divergence, risk signal
- MACD indicator:
- DIF（0.31324） > DEA（0.26019），the bar value is positive（0.05304），it appears to be a long positions signal.
- However, beware of bearish divergence: when the price reaches a new high, but the MACD does not synchronize with the new high, it suggests insufficient upward momentum, which may indicate a pullback.
- Other Indicators:
- If RSI (without displaying specific values) is in the oversold zone (e.g. <30), it may provide short-term rebound opportunities.
- SAR (Parabolic Stop and Reverse) may indicate a trend reversal if a turning point is formed.

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Comprehensive conclusion and strategy
Trend judgment
The mid-term bearish trend remains unchanged (the price is in a downward channel), but there may be a technical rebound in the short term (affected by the support level and MACD bullish divergence).

Operational advice
1. Short Strategy:
- If the price falls below $1.7178, you can go short with a target of $1.7045.
- The stop loss is set at $1.7353 (above yesterday's low) to prevent rebound.

2. long positions strategy:
- Only light positions can be tried when the price stabilizes at $1.7370 and breaks through with increased volume.
- Reduce positions or take short positions in the vicinity of $1.7291 (MA5) on the rebound.

Risk control
- Leveraged risk: The interface displays support for 25x leverage, it is recommended to control the position at 2%-3% of the total funds to avoid liquidation.
- Liquidity risk: Large spread between bid and ask prices (e.g. current price $1.72619 vs bid price $1.7369), caution is needed for high-frequency trading slippage.
- Emotional risk: The dark background and red main color may intensify market panic, beware of emotional selling.

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Appendix: Key Price Tracking Table
Type Key Price Function

Support level $1.7178 short-term lifeline
Support level $1.7045 strong support in the midterm
Resistance level $1.7370 rebound resistance level
Resistance level $1.77+ historical high psychological barrier

It is recommended to adjust the strategy in combination with real-time market dynamics, and prioritize the effectiveness of support/resistance levels.