Brothers, BNB has reached a new high. Brother Chen will now talk about today's market analysis and trading ideas.

In terms of current price, it is around $861, having pulled back about 2% from the intraday high of 884 (historical high), with the 24-hour increase narrowing to 5.13%, which can be seen as a slight pullback from the high.

Key positions to note: the support below is at 853–840, which overlaps with the Fibonacci 38.2% retracement level and the previous high platform. If it breaks down, it may trigger a deeper pullback; 830 is even more of a critical line for bulls and bears. If it breaks, we may see panic selling. The resistance above is at the historical high psychological level of 884; it would be wise to be cautious in chasing long positions before a breakout with volume.

In terms of technical indicators, the MACD red bars on the 4-hour level are narrowing, indicating weakening bullish momentum. If a death cross forms, the pullback may accelerate; the Bollinger Bands are tightening, and the price has pulled back after approaching the upper band, making the middle band at 845 a key support. The daily RSI has reached 65, nearing the overbought zone, indicating a technical need for correction.

Overall, BNB is currently in a historical high pullback cycle, with bearish pressure mainly coming from macro risk transmission, technical overbought corrections, and high leverage liquidation pressure. In the short term, the key level to watch is 857. If it breaks, the risk of a deep pullback will increase; if it can hold above 871, along with Powell signaling dovishness, it may oscillate at high levels.

Brother Chen's trading idea is: consider shorting around 864, aiming first for 853, and then looking at 840 if it breaks. Make sure to protect your position, never hold onto a losing trade, and prioritize safety first. #bnb