I am currently shorting, stop loss 1147, take profit 1099. From your analysis, if it can't break through, will it quickly fall back to 1099? I think if it breaks 1120 again, it should drop directly.
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After a whole day of fluctuations, how to break the situation? From the three BNB/USDT charts (4-hour, 15-minute, daily), the overall situation is in a short-term weak rebound phase after a significant decline. From the multi-timeframe signals, we can see the following key points:
1. Daily level: BNB quickly dropped from the high of around 1349 to 860, forming a long lower shadow 'extreme needle probe' structure, indicating that the main force has strong support in the 860–900 range. However, although the current K-line has rebounded to around 1130, it is still clearly in the downward repair zone between EMA(7) and EMA(25), and the MACD has just crossed down from a high position, showing that the medium-term trend is still weak, and the short-term rebound seems more like a correction after an oversold condition.
2. 4-hour line: EMA(7)=1152, EMA(25)=1207, the price is still below the short-term moving averages, and the RSI is only around 37, indicating that the current rebound does not have the strength to reverse the trend. Although the DIF is recovering, it is still far below the DEA, and the MACD histogram's negative value is narrowing, which indicates that the bearish momentum is weakening but not disappearing. In other words, the 4-hour trend is more likely to be a weak repair fluctuation rather than a true V-shaped reversal.
3. 15-minute line: In the short term, EMA(7) and EMA(25) have formed a golden cross, with the price fluctuating above 1130, and the RSI has returned to around 68, which is in the short-term overheating zone; the MACD has also shown a slight positive bar, indicating that there is a small upward momentum in the short term, but it is facing significant resistance near EMA(99)=1150, and it is very likely to encounter obstacles in this area.
In summary, the large-cycle bearish trend has not finished, the medium-cycle repair has not stabilized, and the small-cycle has entered a high-level fluctuation. This structure usually indicates that the market is in a situation of 'short-term rebound, main trend downwards.'
Operational advice: It is not advisable to blindly chase long positions at this time; consider reducing short-term long positions or establishing a light hedging short position near EMA(99)=1150–1180 to prevent a second bottom test; if you already hold spot positions, you can set partial profit-taking zones above 1150 and use a 1x short futures position or a reverse BNB ETF for hedging; if the price retraces to 1050–1070 and stabilizes, then check whether the support strength is robust. Overall, during this stage, it is advisable to maintain a defensive posture, focusing on small short-term positions and waiting for the daily MACD to turn red again or for the price to stabilize above 1200 before considering re-establishing medium-term long positions.
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