Just now, BNB's 1-hour candlestick suddenly fluctuated, with the price repeatedly contending around 859! The chart clearly shows: the market has strongly broken through the 857 resistance level, but has yet to pull back for confirmation, which means that the main force is brewing a larger level of change! The current order ratio is -0.41%, exposing the weakness of the bears, while the two major resistance levels of 870 and 865 have become the battleground for bulls and bears—tonight will either see a surge breaking through or a plunge washing out!
Technical analysis interpretation: Key levels hide secrets
From this professional candlestick chart, it can be seen that:
Breaking through the 857 resistance level: Short-term bulls are dominant, but a pullback confirmation of effectiveness is needed (the chart marks 850 as pullback support)
Upper pressure at 870: Breaking through opens up upward space, with the target directly at 879 (the highest point in the chart)
The lifeline at 850: If this position is broken, this round of rebound will end and may start a deep correction!
(Note! The main force's orders shown in the chart: There is a large amount of concentrated trading near 859, suggesting this is the cost line for bulls and bears!)
News correlation: The main force uses the momentum to wash out positions
Recently, the BNB chain ecosystem continues to be favorable, but the main force is using market fluctuations to wash out positions:
The委比-0.41% indicates slight selling pressure, insufficient bearish strength
After breaking 857 without a pullback, it reflects the main force's eagerness to raise and accumulate positions
If Bitcoin stabilizes tonight, BNB is likely to lead the charge!
Practical strategy: Two scenarios to respond to
1: Strong breakthrough at 865: Pullback near 860 to enter long positions, stop loss at 857, target 870-879
2: Unexpectedly breaking below 850, rebounding to 857 to short, stop loss at 862, target 840-835
(Remember: Leverage ≤ 5 times, place orders in advance without chasing prices!)
Lan Xuan believes the probability of BNB breaking through is higher:
1. The technical aspect has broken through the key pressure level
2. The main force's orders show strong support near 859
3. On-chain data reveals that whales continue to accumulate positions
But be sure to be cautious - if Bitcoin suddenly crashes, all analyses will be invalid!
Follow Lan Xuan, join Lan Xuan's top team, where there are strategies and support, let's fight side by side and steadily win back your profits!
