$BNB On the 4-hour chart, the candlestick bodies continue to oscillate within a narrow range between the middle and upper bands of the Bollinger Bands. The Bollinger Bands channel shows a horizontal extension, with a narrowing distance between the upper and lower bands. The RSI indicator hovers around 62, and while it has not entered the overbought zone, it is close to the alert line. Combined with the resistance from the upper band of the Bollinger Bands, the price indeed faces significant resistance to upward movement. The current price is closely adhering to the upper band of the Bollinger Bands, and there is a slight pullback after each touch of the upper band, but the lows of the pullbacks are gradually rising, forming the prototype of an ascending triangle. This technical pattern indicates that despite the significant pressure above, the market's buying support remains strong, and a pullback can be anticipated in the morning.
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