From the BNB 4-hour candlestick chart, as well as volume-price and indicator dimensions, it is currently in the 'high-level convergence + long-short contention' upward continuation phase, with a subsequent upward breakout being the core trend.
1. Price Structure: Fibonacci retracement levels and resonance support from range convergence
BNB has initiated an upward wave from the low point of 801.8. After reaching a high of 928.7, it entered a Fibonacci retracement period. The current price is anchored at the 78.6% retracement level (901.5), forming support. This level coincides with the middle band of the 4-hour Bollinger Bands (905) and the 20-period EMA (902), creating a triple resonance support area. During the retracement, it has not effectively broken below this range, which aligns with the structural characteristics of an 'upward continuation washout.'
The red oscillation zone in the chart (900-920) belongs to a volume contraction pattern: the trading volume in the last 3 trading days has decreased by 42% compared to the previous wave of upward movement, while the open interest has increased by 18% against the trend, showing the characteristic of institutional control with 'volume contraction and position increase' — this is a typical 'main force locking positions and washing plates', aimed at cleaning up floating chips to build momentum for subsequent breakthroughs.
2. Indicator signals: RSI divergence + KDJ low turning point, bullish momentum waiting to be released
The current 4-hour RSI indicator shows a 'price consolidation + RSI low rebound' bottom divergence signal (RSI1 has rebounded from 52.3 to 74.87, and the price has not made a new low), indicating that selling pressure has weakened during the pullback; at the same time, the KDJ indicator's K value (65.77) has crossed above the D value (59.59) forming a low-level golden cross, coupled with the MACD histogram shrinking to near the zero axis, indicating that short-term bullish momentum has entered the 'critical startup zone'.
3. News and capital aspects: ecological benefits + whale accumulation catalysis
In conjunction with today's news: BNB Chain will launch an NFT aggregation platform on December 15, this event is part of the incremental narrative of the BNB chain ecosystem, and similar events in the past (such as the launch of the GameFi sector in 2023) have driven BNB's 4-hour cycle to experience a 1.2 times increase in both volume and price; on-chain data shows that from December 8 to 10, the whale addresses marked as 'Binance related' have accumulated an increase of 23,000 BNB (corresponding to about 21 million US dollars), with the average increase concentrated in the 905-910 range, which highly overlaps with the current support level — this indicates that institutions have completed 'cost anchoring', and the risk-reward ratio for future upward breakthroughs is significantly favorable.
Technical deduction conclusions
The current 4-hour cycle of BNB is at the end stage of an ascending continuation, with the Fibonacci 78.6% retracement level (901.5) serving as the short-term bull-bear dividing line. If the price maintains above this level, it will initiate a breakthrough trend targeting the previous high of 928.7, with the first target set at the Fibonacci 1.236% extension level (935), and the stop-loss can be set below the 900 round number.
In short, the current 4-hour structure of BNB has completed 'washing plates + building strength', and a short-term upward breakthrough is a high-probability event; the 'volume contraction' under institutional control is a typical signal to get on board.
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