Brothers, let's talk about the current market situation of BNB. We need to clarify the key points.

Recently, the market has been a bit volatile. At the end of July, BNB surged to a historical high of 860, but on July 28th, there was suddenly 772 million in profit-taking (about 1 million BNB), which directly led to a short-term pullback. By August 10th, the price was around 800.24, down 1.75% in 24 hours, and the fluctuations have become significantly larger, so caution is necessary while trading.

From a technical perspective, in the 4-hour chart, the price is still steadily above the 20-period moving average, indicating that the short-term bulls are still dominant; however, the upper Bollinger Band has been under some pressure, and the rise hasn't been very smooth. The RSI is currently around 69, not yet reaching the overbought level of above 70, theoretically allowing for more upward movement, but it's approaching the critical point, so we need to be wary of a sudden pullback.

On-chain data also looks optimistic: the total locked value (TVL) in July suddenly increased by 800 million, breaking through 7 billion for the first time, indicating increased ecosystem activity, which supports the price. Additionally, 99% of holdings are still profitable, but the actual selling pressure is only about 20 million per day, suggesting that people are reluctant to sell, showing a strong willingness to hold long-term.

Finally, regarding the trading strategy, Morning Brother suggests going long around 800.5-802.2, with a target of 815.3-828.5. Remember, always set a stop loss; with the current volatility, controlling risk is the most important thing. #bnb