BNB short-term trend shows a sideways consolidation pattern. In the hourly timeframe, the price oscillates upward around the middle band of the Bollinger Bands, continuously operating within the upper-middle band range, indicating a slightly bullish bias.
However, observing the volume and momentum indicators, the volume continues to shrink during the price increase, the MACD red bars are gradually shortening, and after the price touches the upper band of the Bollinger Bands, it quickly faces pressure and falls back, clearly reflecting a decrease in short-term bullish momentum and insufficient continuation of the upward movement.
During the day, a light position can be taken to layout a long order, with a rebound around 896 and 915 for layout, targeting around 860 and 820.
