Brothers, I am Brother Chen. Today, let's chat about the latest updates on BNB.

Currently, the hourly chart is at the end of a converging triangle pullback. When it broke through $860 on August 17, there was significant volume, and during the pullback phase, the volume decreased, indicating limited selling pressure and that the main funds have not exited the market. If it can hold the support at $827, it is expected to build momentum for an upward attack, paving the way for future breakthroughs.

On the indicator front, the daily MACD golden cross continues, and the medium-term trend is bullish; however, the 4-hour MACD is close to the zero line, and it needs to break through $845 to confirm the return of the bulls. The RSI is around 60 (neutral to strong), allowing for upward space while also indicating that when it rebounds to the 70 overbought zone, one should be cautious of short-term profit-taking.

The funding and ecological aspects are significantly favorable: publicly listed companies continue to increase their holdings (such as BNC repurchasing 88,000 units), locking up about 139 million circulating coins and reducing selling pressure; if the VanEck BNB ETF is approved, it may attract traditional funds into the market. On-chain, BNB Chain has over 1.1 million daily active users, and applications like Four.meme are pushing up gas consumption, with an annualized deflation rate exceeding 3%, creating a positive cycle between ecology and deflation.

Brother Chen's operational thought for today is: if it pulls back to around $829, one can go long, initially targeting $840, and after breaking through, look towards $853. While seizing opportunities, also leave room for market fluctuations. The current pullback may serve as a layout window, and patiently responding makes it easier to grasp trend opportunities #bnb