What is this BNB doing right now?
From the 1-hour chart:
• Overall, it is slowly descending: each high is lower than the previous one, dropping from 1008 all the way to around 870 now.
• The price has been mostly below the middle Bollinger Band (the middle band is around 891) in recent days, indicating that the dominant force is still bearish.
• The recent candlesticks are sticking to the lower Bollinger Band (the lower band is around 863), and it is still slightly turning downwards —
→ This is not a crash; it is a slow grind down.
• MACD has crossed to the downside again, the green bars have expanded, and short-term bearish momentum has been reignited once more.
In short:
It is currently a weak rebound failure → continuing to decline phase, not yet stabilized.
Bullish
First bullish point: 864–868 (light long position)
It has been validated once at 864.16, indicating there is capital support here.
But note, this is not strong support; it is “weak support.”
At 864–868, a light long position can be tried.
Short rebound target is very limited: 880–888
Do not hold on too long.
The real bullish defense line is: 858–860
As long as it does not break below 858, the structure can still be saved.
Second real bullish point: Breakthrough 900–905 to go long
This is the trend resistance area.
The biggest issue with BNB right now is:
It can't rise, and every time it approaches the middle band, it gets hammered by bears.
Only breaking above 900–905 counts as a “short-term trend reversal.”
Once stabilized, the target is 918 → 930
The key to strengthening is 905.
If it doesn't stabilize, treat all rebounds as pullbacks.
Bearish points (currently, bears are strong and bulls are weak, bears are the main line)
First bearish point: If it can’t rebound past the 895–900 area, then go short.
In this wave structure, BNB gets strongly pressured every time it approaches 900.
If it rebounds to 895–900 and can't break through,
that is the best short point.
Looking down to 875 → 865
The win rate for shorting here is high.
Second acceleration short point: Break below 858 directly short.
This is the lifeline for the bulls.
As long as you see 858 being broken, BNB will enter an accelerated loss phase.
Break below 858 short.
Target directly:
➡ 842
➡ Further down to the 828–832 area where it might stop falling
This is a “breakout short,” not an ordinary pullback.
Summary
If 900 does not break → short
If 864 is lost → short
If 858 breaks → accelerate short
Only go long after stabilizing above 905.
The only truly safe bullish point is above 905.
