Looking at the current trend of BNB, it's quite interesting—rebound is weak, and the decline is actually quite rapid. The logic behind this is not complicated: major funds are clearly suppressing prices around key resistance levels, and trading volume is also very low, indicating that bullish enthusiasm is not high.
Interestingly, this rebound pattern seems more like an opportunity for short sellers rather than a trend reversal signal. If you are a trader, the most important thing to watch out for is the impulse to chase the high. A more practical approach is to wait until the rebound loses momentum and then seize the opportunity to establish short positions. But the prerequisite is to manage risk well, especially setting proper stop-losses to prevent being caught off guard by a sudden upward breakout.
From a technical perspective, BNB is currently trading around 883.93 USDT. Looking downward, 865.59 is a nearby support level, and further down is the support zone between 856.24 and 865.59. Looking upward, 891.8 is a resistance level, so be mindful of the risk at this position.
Practical advice is as follows: if you want to go long, you can place an order near the support level to enter the market; if the price breaks below the support, just stop-loss immediately. This way, the risk is clear, and the potential reward is still decent.
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quietly_staking
· 19h ago
It's really tough around 883, the main force is pressing down hard. I'm also waiting for the moment when the rebound exhausts itself.
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GasFeeCrier
· 20h ago
No strength for a rebound, the main force is suppressing the price. I've seen this trick before... It's another feast for the bears.
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MissedTheBoat
· 20h ago
883.93 this level has long bored me, constantly pulling back here every day. What exactly is the main force trying to do...
Let's wait until it drops to 891.8 before making a move. Chasing the high now is just giving away free orders.
Weak rebounds are indeed a bearish signal, but I'm worried that suddenly a sharp surge might come, causing stop-losses to be triggered and get wiped out.
With such low trading volume, it seems that many people are just watching...
If the 865 support level can't hold, how much support is left below BNB?
Looking at the current trend of BNB, it's quite interesting—rebound is weak, and the decline is actually quite rapid. The logic behind this is not complicated: major funds are clearly suppressing prices around key resistance levels, and trading volume is also very low, indicating that bullish enthusiasm is not high.
Interestingly, this rebound pattern seems more like an opportunity for short sellers rather than a trend reversal signal. If you are a trader, the most important thing to watch out for is the impulse to chase the high. A more practical approach is to wait until the rebound loses momentum and then seize the opportunity to establish short positions. But the prerequisite is to manage risk well, especially setting proper stop-losses to prevent being caught off guard by a sudden upward breakout.
From a technical perspective, BNB is currently trading around 883.93 USDT. Looking downward, 865.59 is a nearby support level, and further down is the support zone between 856.24 and 865.59. Looking upward, 891.8 is a resistance level, so be mindful of the risk at this position.
Practical advice is as follows: if you want to go long, you can place an order near the support level to enter the market; if the price breaks below the support, just stop-loss immediately. This way, the risk is clear, and the potential reward is still decent.