BNB Surges to $800! Overbought at the Peak or the Eve of a Sprint? Understand the Bull-Bear Duel at a Glance
【Summary in One Sentence】
The BNB daily chart has seen seven consecutive bullish days approaching the upper Bollinger band, with an RSI of 83 indicating overbought conditions + market selling pressure at 2.4 times, suggesting a potential retracement to the value center of 748-759; if it breaks above 805 with volume, a target of 850 is in sight. Strategy: Buy on a retracement to 759±2, stop loss at 745, targets at 800/850, risk-reward ratio ≈ 2.8; if it drops below 748, short with a stop loss at 755, target at 730, risk-reward ratio ≈ 3.6.
【Range Structure and Volume Distribution】
Value Anchor Zone: POC=759.7 (505k USDT), with prices oscillating ±3% around it over the past 5 days, seen as a bullish continuation.
High Volume Zone: HVN1=748.4 (476k), HVN2=691.6 (464k), forming strong support below and a distant retracement level.
Low Volume Gap: LVN1=805.2 (98k) is the only thin area above; breaking through can quickly rally to 850; LVN2=780-783 (54k) serves as a jump-off point for intraday retracement.
70% Volume Coverage Zone: 659-776, with the current price at 797 already exceeding the upper boundary of the range by 2.7%, on the verge of short-term overbought conditions.
Momentum Verification:
• The Up Volume in the 759-761 range accounts for 58%, with buying slightly favored; in the 805-806 range, Up Volume rises to 65%, and if it breaks out with volume, it is considered valid.
• The Down Volume in the 748-750 range is only 42%, indicating limited selling pressure, making it easy to find support on a retracement to this area.
【Market Cycle】
The daily level remains in the third wave of a bull market, with the weekly chart breaking out above previous highs and retracing to the 5-week moving average (≈740) to complete a handover, currently in the middle of a secondary rally; short-term overheating requires technical correction.
【Trading Strategies】
1. Trend Retracement (Conservative)
Entry: 759.7±2 (POC+LVN) with a 30-minute engulfing bullish candle or pin bar, and Up Volume > 60%
Stop Loss: 745 (outside HVN)
Target: 800 (previous high), 850 (channel measurement)
Risk-Reward Ratio: (800-759)/(759-745)=2.9
2. Range Breakout (Aggressive)
Entry: Price stabilizes above 805 with a 3-minute closing price, volume > 1.5 times the average of the previous 20 candles
Stop Loss: 800
Target: 850
Risk-Reward Ratio: (850-805)/(805-800)=9
3. Counter-Trend Quick Strike (Conservative)
Entry: RSI 4h divergence + price deviating from POC > 1×ATR (≈815) and volume declining
Stop Loss: 820
Target: 759
Risk-Reward Ratio: (815-759)/(820-815)=11.2