Family, this afternoon Long Ge will discuss BNB. Combining current market dynamics and technical indicators, let's analyze the market well and provide some practical trading advice.

First, let's look at the key price areas. The lower range of $835-$845 is a strong short-term support, equivalent to a safety cushion. If it effectively falls below $830, especially if the daily closes consistently below this level, it could trigger a wave of selling, and then we will have to watch the $780-$800 range. On the upside, $869 is a key breakout point; once it breaks through, there is hope to quickly reach the $900-$950 range, which would be a signal to take off.

Now looking at the current price, it is $834, which has already fallen below the lower limit of the safety cushion, so we need to be alert to the risk of further decline. However, if it can quickly recover to $835 and stabilize, it might still maintain a consolidation pattern and avoid a sharp drop.

Technical indicators and on-chain data also need attention. The daily RSI is approaching the overbought zone (above 70), so we need to guard against a pullback pressure and not chase too high. In mid-August, the funding rate several times hit 0.03%/8h, indicating that leveraged longs are dominant, but if the price continues to decline, it may trigger a long squeeze, and this risk should be remembered.

From a long-term perspective, the circulating supply of BNB has dropped to 139 million, with a cumulative burn of 31%. If on-chain activity, such as gas consumption, can remain high, deflation will accelerate, which is a long-term positive for the coin price.

Finally, regarding trading advice, Long Ge believes that a short position can be taken around $835-$838, targeting $825-$812. However, this strategy has a time sensitivity; the market changes quickly, so everyone should focus on the fundamentals and manage their own risks well. #BNB