$BNB recently broke the historical high, but the technical indicators are issuing a special warning.
The current upward structure may form a top signal called "ending diagonal triangle," which typically appears at the end of a bull market, essentially ringing alarm bells for investors: it's reached its peak, beware of a pullback!
The timing is just right; this top formation tends to occur during the concluding phase of the market, and BNB has just reached a new high.
The volume-price relationship is off; since the start of this rally in September last year, the trading volumes of waves 1, 3, and 5 have been decreasing. Although the price has reached new highs, the capital inflow has weakened, which is a typical characteristic of "false rise."
The technical chart shows overlapping fluctuation ranges for wave 1 and wave 4, and this special structure is a hallmark action of the ending diagonal triangle.
However, to confirm the establishment of a top, we need to observe the subsequent trend: if BNB quickly plummets after breaking the previous high and the pullback exceeds 61.8% of wave 3, then the top is basically confirmed.
Now is not the time to rush in and chase highs; it's safer to wait for the pattern to be fully confirmed before taking action. Technical analysis is most afraid of "I thought"; incomplete patterns can change at any moment. Follow Brother Li, and let him guide you to view the market from an institutional perspective!