When I opened the market software, I have to admit I was a bit startled—BNB directly broke below the 860 USDT threshold, currently trading at 859.58 USDT, with only a 0.75% drop in the past 24 hours. New entrants might already be getting nervous, considering whether to cut losses in time; but anyone who has been in this market for a few years can see that this decline wasn't actually that sudden.

Looking back at the recent week's candlestick charts, BNB has been clearly oscillating within the 880-900 USDT range—five days of sideways movement, with each attempt to go higher failing to stabilize. This pattern itself indicates there is resistance above. Moreover, looking at the trading volume, it has shrunk by 12% in the last 24 hours compared to the previous day. This isn't a sign of panic selling; rather, it seems like short-term funds are hesitating at a critical point. No one wants to aggressively fight in uncertain market conditions, so this period of waiting actually gives us a chance to calmly assess the situation.

How to view the support level? The 850-860 range has been tested multiple times before, and the 20-day and 60-day moving averages happen to converge around this area. From a technical perspective, there should be relatively strong support here. Unless there is a major negative shock at the macro level, the downside space might not be too large.

The key is whether this correction is an entry opportunity or a risk signal; we need to continue observing the subsequent volume performance and breakout direction.