4-Hour Level: After price broke below the Bollinger Band midline, it continues to trade in the range between the midline and lower band. Currently approaching the lower band but with weak rebound strength. The Bollinger Bands show a downward opening trend with a clear bearish pattern.
MACD Indicator: DIF and DEA form a death cross, with the MACD histogram in negative territory and continuously expanding, indicating bearish momentum is still being released.
BNB Trading Suggestions: Sell around the 3150-3200 rebound levels, targeting downside support near 3050-2900
January 9 BNBUSDT Market Analysis
4-Hour Level: After price broke below the Bollinger Band midline, it continues to trade in the range between the midline and lower band. Currently approaching the lower band but with weak rebound strength. The Bollinger Bands show a downward opening trend with a clear bearish pattern.
MACD Indicator: DIF and DEA form a death cross, with the MACD histogram in negative territory and continuously expanding, indicating bearish momentum is still being released.
BNB Trading Suggestions: Sell around the 3150-3200 rebound levels, targeting downside support near 3050-2900