11.20 Midnight
The current bnb is around 876.5, in a phase of oversold correction within a short-term downtrend, but the overall trend remains bearish;
On the hourly chart, there have been continuous large bearish candles that have directly broken through previous key support levels, followed by a slight rebound at lower levels.
However, the rebound strength is weak, and no effective reversal signal has been formed, overall still in a downtrend.
The price has fallen below the lower Bollinger Band, entering the oversold zone, which usually indicates a potential technical rebound in the short term.
KDJ Indicator: The J value has entered the oversold range, which is one of the signals for a short-term rebound.
MACD Indicator: The DIF and DEA are still in a dead cross state, and although the MACD histogram has decreased in volume, the overall downward momentum remains strong.
Support Level: The current price near 872.18 is a short-term support level; if this level is lost, it may further probe down to the 860 mark.
Resistance Level: The upper resistance level is around 890; if the price can rebound to this level, it may face some pressure.
Overall, it is still in a downtrend, but since it has entered the oversold zone, there is a possibility of a technical rebound. It is recommended to buy on a pullback to around the 863--850 level, with the first target at 883 and the second target towards the 890 level.
The above is just personal advice for reference only; please follow the operations of Haoyu Shi Pan #BNB $BNB
