BIO's recent performance is quite interesting. As of the 15-minute chart, the price is hovering around 0.05032, with a decline of only -1.66%. But don't be fooled by this small number—there's a structural issue.

The upward momentum has clearly weakened, with the K-line forming four consecutive adjustments, which could be a sign of a trend reversal. The price has already broken below the previous trend initiation price and tracking line at 0.05063. In other words, the bullish protection has been breached.

From a technical perspective, support levels are at 0.04969, 0.04809, and 0.04713. If a rebound occurs, resistance levels are at 0.05145 and 0.05226.

The current situation is as follows: aggressive bears can look for shorting opportunities if the price rebounds to around 0.05063 and faces resistance again, but be sure to set strict stop-losses, as the market can change rapidly.

Conversely, if the price can strongly recover and hold above 0.05063, then this break below might just be a false move (fake breakout). Bears should immediately cut losses and not be greedy.