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January 9th BNB Market Outlook
Four-hour timeframe: The price broke below the middle band of the Bollinger Bands, with a lack of rebound strength. It is currently trading below the middle band, with the lower band support and upper band resistance channel narrowing into a bearish pattern.
- MACD indicator: Although DIF and DEA have not formed a death cross, the red histograms are continuously shrinking, indicating that the bullish momentum is rapidly weakening, and the bears are gradually taking control.
BNB Trading Suggestion: Short around 898-906 on rebounds, with a target of 883-870.