12.6

BNB is currently operating at the 886.5 level, closely aligned with the middle band of the Bollinger Bands. The upper band is trending downward while the lower band is flattening out. After a sharp drop earlier, the price has entered a weak rebound phase, with the bearish trend still dominating. Recently, the candlestick structure showed a sharp drop with a long bearish candle hitting a bottom at 870.52, followed by a pattern of alternating small bullish and bearish candles, indicating a low-level consolidation rebound. The absence of consecutive strong bullish candles suggests that the bullish movement is merely a technical rebound, with weak momentum.

The KDJ indicator’s J line is approaching the upper limit of the overbought zone, signaling that the short-term rebound momentum is nearly exhausted and there is strong pressure for a corrective pullback. The K/D lines have formed a golden cross upward but are about to turn with the J line. The MACD histogram is positive and expanding, and the DIF has crossed above the DEA, forming a golden cross and indicating a short-term oversold rebound signal. However, the indicator is still below the zero line, and the rebound lacks trend support.

The current strong support below is the lower Bollinger Band at 876.86 and the previous low at 870.52. The resistance above is the middle Bollinger Band at 886.22, with stronger resistance at the upper Bollinger Band at 895.58. If the price fails to hold above the middle band, the rebound will likely end and the downtrend will resume. If it breaks above the middle band, it could test the upper band resistance.

In the short-term, the 1-hour timeframe shows a weak rebound after a sharp drop with overbought pullback risk. The KDJ nearing the overbought zone suggests the rebound is about to top out. If it fails to effectively break through the middle Bollinger Band, it will likely retest previous low support. It is recommended to consider light positions near the 875–860 area on a pullback, with a target around the 895–905 area.

The above is only a personal suggestion and for reference only. Please refer to Haoyu Shipan’s layout for specifics! $BNB #bnb ‌