Friends, BNB is currently trading around $845. Two key levels to watch for short-term trends: $830 (4-hour MA30) serves as support. If it breaks, it could test $820-810; $870 serves as resistance, with a breakout likely targeting $900-930. Here's the latest data for analysis.

From a funding perspective, $2.5 billion in 24-hour trading volume (on-chain + exchanges) indicates strong activity. Derivatives open interest exceeding $1.3 billion and funding rates exceeding 0.03% suggest bullish sentiment. However, high OI also warrants attention to the risk of volatility. Over the past day, 429 million BNB positions were liquidated, with BNB short positions accounting for over 60%, putting shorts under temporary pressure.

Institutional activity is worth noting: Nano Labs purchased 128,000 BNB (approximately $900 million), Windtree established a $520 million special fund, and CEA plans to raise $1.2 billion for its reserve fund. Furthermore, VanEck has submitted a BNB ETF application, which, if approved, could open the floodgates for traditional capital.

Market sentiment is divided: Standard Chartered sees $1,275 by year-end and $2,775 in 2028, while HashGlobal's $2,039 target, as shared by CZ, adds to the optimistic outlook. However, the overbought daily RSI (87.54) may indicate a pullback, and the US's unclear positioning of exchange tokens could also lead to volatility.

Finally, let me discuss Chen Ge's trading strategy. I recommend shorting around $849, with the first target at $838. If it breaks, then look for $825. Defensive measures are crucial; controlling risk is crucial. #bnb