Brothers, let's talk about the short-term trend signals for BNB.
Currently, BNB is fluctuating around $890, and the signals from both the technical and capital side are worth noting. From the BOLL indicator, the price has reached the upper band (historical correction area of $910-$920), and the channel has narrowed by 15%, which means that after the decline in volatility, the probability of a trend reversal downwards exceeds 70%. The middle band at $885 (20-day EMA) is crucial; if it fails to hold, it may accelerate the drop to the lower band of $830.
On the EMA side, there is also pressure: the distance between the 5-day EMA ($892) and the 10-day EMA ($887) is narrowing, and if a death cross forms, it will strengthen the bearish sentiment; the 50-day EMA ($885) serves as the last line of defense for the bulls; if it fails, it may trigger programmatic selling.
In terms of market sentiment, the derivatives long-short ratio is 1.8:1, with retail leverage being too high, and liquidations concentrated around $890-$900; on-chain data shows that whales have transferred over $4.8 million in BNB, and the 12,000 coins from the Celsius bankruptcy account may also exert selling pressure, all of which need to be noted.
In terms of operations, Brother Chen suggests shorting around $891-$893, with an initial target of $883; if it breaks below, then look to $873, and ensure proper risk management.
The market is fast-paced, so let's observe signals and act less impulsively. Regardless of whether to act or not, setting stop losses and controlling position size is taking responsibility for one's own funds. #bnb