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DOGE's decline today caught many off guard. Looking at the 1-hour chart, the bearish intent is already quite clear—the technical indicators show that the trend is far from a rebound.

There are a few points to note behind this. Recently, in news about efficiency reforms in large enterprises, there's a contradictory aspect: on one hand, layoffs are happening, and on the other hand, government spending is soaring, with the latest data approaching 7.5 trillion. This phenomenon of "talking about efficiency but spending big money" is a blow to Dogecoin's narrative support. More importantly, industry leaders seem to be shifting their focus towards politics, which could reduce the enthusiasm and frequency of support for Dogecoin. That's how the crypto world works—once key figures lose focus, the project's narrative momentum tends to weaken.

Looking at the chart. The MACD's yellow and white lines are both below the zero axis, a classic death cross pattern. This is not just a normal correction but a sign of a trend downward. Trading volume is also shrinking, indicating that there isn't a large amount of capital bottom-fishing at the moment. The panic in the broader market hasn't fully released yet. Experience tells us that the most aggressive declines often come quietly—precisely when you think "it's time to rebound."

From an operational perspective, the current rhythm is crucial. The range between 0.133 and 0.136 is an opportunity to short on rallies—do not chase the highs. Support below is at 0.129 to 0.1264, where a light position can be tried for a rebound; but if this level can't hold, be prepared for further downside towards around 0.1236.

For those holding positions: consider selling some on rebounds—don't be greedy. Stop-loss is a must if the level breaks; that's the bottom line. For those trying to bottom-fish: don't rush, wait until genuine support zones appear before acting. Risk control is always the top priority. Follow the trend and avoid fighting against it.