BNB's recent trend is quite interesting. It has been falling all night, with the lowest dropping to the 892 level. The previously given bearish target of 890 has been fully realized, and the timing was quite accurate.



Looking at the 4-hour chart, the Bollinger Bands are now clearly converging. Although the price broke below the middle band and then rebounded, this rebound was quite weak and faced strong resistance above. Overall, the indicators remain in a bearish alignment, and the trend still feels somewhat weak.

In this pattern, the strategy is to continue looking for rebound opportunities to short. If the price returns to around 900, consider entering short positions. The key support levels below are around 880 to 870. The market always moves with the trend; wait for a proper rebound before taking action. Risk management must be in place to avoid being caught by a pullback.
BNB1.13%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
BuyHighSellLowvip
· 01-08 04:02
Dropping below 890 is indeed no surprise. The Bollinger Bands are still showing a tightening trend, indicating continued weakness. I agree that the rebound lacks strength. If there's another move around 900, we can try shorting, but I'm worried about getting caught in a trap.
View OriginalReply0
LiquidationAlertvip
· 01-08 03:54
The 890 level really didn't disappoint, but this rebound is indeed lackluster, feels like it's hitting the ceiling.
View OriginalReply0
BlockImpostervip
· 01-08 03:52
890 precisely hit the mark. How many years of practice does it take to master this skill? I just can't get the timing right and still have to take the loss.
View OriginalReply0
WalletWhisperervip
· 01-08 03:47
the bollinger squeeze tells a story... price action screaming capitulation but those wallet clusters around 880-870? that's where the real accumulation phase begins ngl. statistical significance meets behavioral inevitability
Reply0
Liquidated_Larryvip
· 01-08 03:40
890 hits precisely, this rhythm is indeed flawless. Let's see if 900 can rebound again and give us another chance. I agree that the rebound isn't strong. The Bollinger Bands tightening can indeed be misleading. We must keep a close eye on the 880-870 range.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)