BNB continues to maintain a bearish outlook. After the price dipped to a low of 856 yesterday, it experienced a technical rebound. However, the rebound was weak, and the upward momentum faced significant resistance, failing to break through the key resistance zone.
From a technical perspective, the Bollinger Bands remain in a downward-opening shape, with the price continuously trading in the weak zone between the middle and lower bands. The MACD green bars are expanding, indicating that the bearish momentum dominates; the short-term moving averages are arranged in a bearish alignment, further suppressing the upward space, and the bearish pattern remains unchanged.
Considering the current market sentiment and macro environment, mainstream cryptocurrencies show weak correlation, with funds favoring safe-haven assets. BNB lacks the upward momentum to support a rally.
Trading suggestion: Gradually open short positions in the 876-880 range, targeting 860-850. If the support breaks, continue to watch for a move toward 840.
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1.26 BNB Long-term Analysis
BNB continues to maintain a bearish outlook. After the price dipped to a low of 856 yesterday, it experienced a technical rebound. However, the rebound was weak, and the upward momentum faced significant resistance, failing to break through the key resistance zone.
From a technical perspective, the Bollinger Bands remain in a downward-opening shape, with the price continuously trading in the weak zone between the middle and lower bands. The MACD green bars are expanding, indicating that the bearish momentum dominates; the short-term moving averages are arranged in a bearish alignment, further suppressing the upward space, and the bearish pattern remains unchanged.
Considering the current market sentiment and macro environment, mainstream cryptocurrencies show weak correlation, with funds favoring safe-haven assets. BNB lacks the upward momentum to support a rally.
Trading suggestion: Gradually open short positions in the 876-880 range, targeting 860-850. If the support breaks, continue to watch for a move toward 840.