The recent EU DAC8 legislation has officially come into effect, further tightening the tax policies on cryptocurrencies. This news has attracted considerable attention in the market, especially impacting BNB's price movement, which has indeed faced short-term pressure. Today, let's take a look at what the current technical and news aspects are actually indicating.

From a news perspective, the EU strengthening tax regulation is indeed short-term bearish. Cryptocurrency holders face stricter tax reporting requirements, which may scare off some risk-averse participants. But from another angle, clearer rules are actually beneficial for the market's long-term development. Regulations target parasitic scam projects, leaving behind truly capable participants and valuable applications. So this adjustment is both a risk and an opportunity.

Looking at BNB's 4-hour candlestick chart, the price is currently hovering around $844.26, down slightly by 0.31%, showing overall weakness. But this is where it gets interesting. There is a rebound resistance at $874, which is blocking upward movement, while below there are two key support levels at $844.25 and $810.39. To use an analogy, BNB is now like being clamped in pliers, with both pressure and support clearly defined. The next step depends on which side releases first.

On indicators, the MACD white line and yellow line have already formed a golden cross above the zero line, which usually signals the accumulation of upward momentum. But there is a contradiction—while the indicator suggests bullishness, the price is still falling. This reflects a tug-of-war within the market: bulls are trying to buy in, but the bearish pressure has not been fully released. In simple terms, the bulls are still gathering strength, and it's not yet time for a full-scale attack.

From a probability perspective, if the price can hold above the $844 level tonight without breaking down, then a rebound towards $874 is highly likely. Supply and demand will re-balance within this range. But if $844 is effectively broken downward, giving bears a breakthrough opportunity, then the support at $810 is no longer particularly safe, and downward momentum could further accelerate.

This timing is particularly sensitive. Market fluctuations driven by news and technical signals often squeeze out hesitant funds. The smart approach is not to guess the direction but to wait for a clear breakout before following. If $844 breaks, look at $810; if $874 breaks, find the next resistance. No need to rush.