$BNB Recently, this trend has been a bit frustrating.
Fluctuating around 900, whether it breaks 903 has become a psychological battle. Technical analysts see a double bottom and a wedge breakout, thinking it should rise. But looking up, there is pressure from 913 to 950, and without volume, it’s hard to push through.
Where is the awkwardness now?
On-chain data isn't very solid, and the shadow of litigation hasn't completely dissipated. Plus, there are a bunch of high-leverage positions hanging above, which could fall at any moment.
These issues weigh heavily, making it difficult to rebound without looking back. But don’t just focus on these worries. Macro-wise, liquidity is still flowing, and the market is not short of money.
BNB’s own ecosystem is also robust, and many institutions are still watching closely. If it really wants to change direction decisively, I think it needs to stabilize at 1000; only then will the situation truly unfold.
Right now, this position is in a central oscillation. There is pressure to go up, and support from 870 to 892 below.
Such market conditions are the hardest to endure; it’s a test of who has more patience. Those who can’t hold on may end up cutting losses at the lowest point; those who chase highs might get caught halfway up.
Additionally, coins like $SHIB and $PEPE , if they suddenly surge, could distract market attention.
These fundamentally biased coins might actually be overlooked in the short term.
In one sentence: The overall direction isn't bad, but it needs time to grind in the short term. Don’t get confused in the oscillation; wait for the direction to reveal itself.
Not much more to say, those who understand will come. The next order is in continuous layout.
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