Good evening, everyone! It's almost midnight again, so let's discuss BNB's overnight performance.

First, let's look at key levels: Support is at $748 (4-hour strength and weakness lines). The current price is $762.75, suggesting a short-term bullish bias. Strong support is between $730 and $741, and a break of $748 could lead to $800. Regarding resistance, the short-term range is $770-785, with a breakout potentially targeting $800. The medium-term range is $850, a historical high, but volume is needed for further movement.

In terms of indicators, the daily RSI is approaching 80, indicating overbought conditions and warrants a pullback. If the 4-hour RSI stabilizes above 50, the rebound potential remains. Regarding moving averages, the 50-day and 200-day moving averages are nearing a golden cross, suggesting a medium-term bullish trend. The current price is above the EMA7 (near 755), indicating a short-term bullish bias.

In terms of market trends, after the daily chart broke through the descending channel, the target of $758 has been reached, with the next target at $800 (a 1.25x channel breakout).

In the derivatives market, the long-short ratio is 1.97, with 66% of positions bullish, indicating bullish sentiment. Financing rates have turned positive, with longs paying a premium, but this may accelerate a short squeeze.

There are also positive factors: altcoin capital rotation has begun (index 41), with BNB benefiting from this. The probability of a September Fed rate cut is 89.1%, and liquidity is positive for the crypto market.

Long Ge's trading suggestion tonight: Go long around 760-763, targeting 773-785. Remember, the market is risky, so avoid impulsive trading and act within your means! #BNB