BNB's recent trend is quite interesting. After dropping from the high of 920.97, it hasn't recovered, and the 1-hour K-line has formed a very nice large bearish candle, directly breaking through the moving average support band.
The MACD has already fallen below the zero line, with the green bars still expanding, indicating that selling pressure is quite fierce. After the price hit a 24-hour low of 891.55, the rebound was very weak, with little buying interest. The RSI has fallen to 36.05, which basically tells you — the downtrend is not over yet.
From a technical perspective, now is indeed a good opportunity to short. Multiple indicators point downward, and the support levels have been broken. The entry timing is also quite good.
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BearMarketMonk
· 01-11 04:40
The bearish signal is so obvious that I started positioning early, just waiting for the rebound to drop. Breaking the key level at 890 essentially accelerates the downward momentum.
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ContractTester
· 01-10 01:34
The bearish signal is so obvious, and the green bars are still expanding. I don't see a bottom.
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LiquidityHunter
· 01-09 19:02
The bearish sentiment is too strong, but I always feel that this is when it's easiest to get crushed.
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BTCRetirementFund
· 01-09 09:25
Damn, BNB dropped again. Are the bears going crazy?
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EternalMiner
· 01-08 05:53
The short squeeze this time is pretty intense, even 891 didn't hold, it feels like it's going to keep dropping.
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bridgeOops
· 01-08 05:45
Wow, is this another good opportunity to short? Let's watch and see. The weak rebound is really disappointing.
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DataChief
· 01-08 05:30
The bears haven't fully gained momentum yet. This drop feels like just the beginning. Keep an eye on breaking below 890.
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LiquidatorFlash
· 01-08 05:29
891.55 has been broken, but what I fear more is that the liquidation risk hasn't been fully released yet. At the RSI 36.05 level, a further decline would signal real panic selling. When that happens, borrowing positions will start to explode, and those shorting will also have to run.
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CryptoWageSlave
· 01-08 05:28
Damn, it's that kind of dump again, short positions are about to take off.
BNB's recent trend is quite interesting. After dropping from the high of 920.97, it hasn't recovered, and the 1-hour K-line has formed a very nice large bearish candle, directly breaking through the moving average support band.
The MACD has already fallen below the zero line, with the green bars still expanding, indicating that selling pressure is quite fierce. After the price hit a 24-hour low of 891.55, the rebound was very weak, with little buying interest. The RSI has fallen to 36.05, which basically tells you — the downtrend is not over yet.
From a technical perspective, now is indeed a good opportunity to short. Multiple indicators point downward, and the support levels have been broken. The entry timing is also quite good.