BNB continued to weaken last night, dropping from the key point of 892 all the way down, confirming the bearish outlook. On the four-hour chart, the Bollinger Bands are gradually narrowing, and after the price broke through the middle band, it experienced a slight rebound, but this rebound is clearly weak—lack of upward momentum, and volume did not follow. More importantly, multiple indicators in the attached chart are now showing a clear bearish alignment, making it unlikely to strengthen in the short term.



From a technical perspective, even if a rebound occurs, the strategy should still be to continue shorting, with sell points around 900. The next focus is on the 880-870 range, which is very likely to become a short-term support. Simultaneously, attention is also on SOL's movements, as there has been some recent correlation between the two.
BNB0,44%
SOL-1,2%
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
  • 6
  • Repost
  • Share
Comment
0/400
OfflineNewbievip
· 14h ago
892 broke directly short, this rebound is just a false move, there's no trading volume to support it.
View OriginalReply0
MeaninglessApevip
· 21h ago
892 has been falling and rebounding with such weakness; the bear arrangement is obvious. Continuing to look for a decline is no problem, right?
View OriginalReply0
LiquidityOraclevip
· 01-08 04:00
If the rebound is weak, you have to continue shorting. The 900 sell point is indeed attractive. The key is whether 880 can hold. If it breaks, you'll need to change your strategy.
View OriginalReply0
LuckyHashValuevip
· 01-08 03:59
892 that wave was broken so cleanly, even the rebound feels powerless, indeed the bears are comfortable
View OriginalReply0
HalfPositionRunnervip
· 01-08 03:51
When the Bollinger Bands narrow, you know something's going to happen. After breaking 892, there's really no strength for a rebound. With such a clear bearish arrangement, still want more? I'm just waiting for it to drop below 900.
View OriginalReply0
FlatlineTradervip
· 01-08 03:41
After breaking 892, the rebound lost momentum. This time, the bearish arrangement looks quite comfortable. If you want to sell at 900, you need to act quickly.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)