Tonight BNB Steps
For friends keeping an eye on BNB tonight, just focus on the key points—support, resistance, long and short signals, and layout suggestions, all laid out clearly for you.
First, let’s look at the resistance level: The first key point is $877; if it can hold on the 4-hour level, there’s a high probability it will surge to $894-$901 in the short term; further up is the psychological barrier of $900; if it breaks through and holds, it might open the channel to $1000.
Remember the support level as well: The first support to watch during a pullback is $875-$864; if it holds, there shouldn't be much of a problem; if market sentiment weakens, it might drop to $852-$840, which is the second key support.
Don’t ignore the long and short signals: The Bollinger Bands are currently narrowing, with a range of $680.43-$844.91, indicating volatility is about to explode, and the direction of the breakout will determine the short-term trend; also, the RSI indicator is currently at 66.93, approaching the overbought line at 70, so be cautious of a pullback and don’t blindly chase long positions.
On-chain data provides some confidence: BNB Chain is burning Gas fees in real-time, reducing circulation, which supports long-term scarcity; recently, U.S. companies have been buying large amounts of BNB as reserves, indicating solid underlying buying pressure.
But be prepared for pessimistic scenarios: If it falls below the $864 support, it might pull back to $840-$820, and technical selling pressure may emerge, so be ready in advance.
Finally, here are the suggestions: If it rebounds to around $872-$875, you can go short, first looking at the $864 mark; if it breaks down through $864, then look further down to $852. This is just personal advice; real trading should be adjusted flexibly. $BTC
