BNB rapidly retreated after a strong rise touching the 928 level, with a single long upper shadow and multiple small bearish candles indicating strong selling pressure above and a weakening of active buying; the four-hour high point has clearly declined, and the price has fallen back below the upper track, representing a typical structure of a spike and retreat. The strength of the one-hour rebound is gradually weakening, and after turning from bullish to bearish, the lower shadows continuously test the moving average support, but the number of bearish candlesticks is increasing, indicating signs of weakened short-term momentum. The overall structure reflects a spike that could not be sustained, entering a phase of short-term retreat and correction. In operation, it is not advisable to blindly chase highs; instead, observe the strength of pullbacks to determine direction.

The strategy mainly focuses on shorting during rebounds: short in the 914–918 range, stop loss at 925, with the initial target at 900 and then at 892; if it breaks below 892, it will further open up the extension space to 885–880. If it strongly stands back above 920, then consider switching to long; otherwise, maintaining a bearish outlook is more prudent. #bnb $BNB

BNBUSDT

Perp

841.28

-3.39%