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BNB's recent bearish trend has basically played out as expected, with the 850 target successfully reached, marking a phase completion. Currently, the price has slightly rebounded and has regained above 880.
From the 4-hour structure, after being pressured around 960, the market continued to weaken, repeatedly probing lower before finding support near 856. Subsequently, a technical rebound occurred, and the price oscillated around the midline. However, judging by the strength and continuity of the rebound, the bulls are clearly losing momentum, and there are no effective signs of a trend reversal at the moment.
Therefore, the current rebound should be viewed more as a correction rather than a trend reversal. In terms of trading, it is not advisable to be distracted by short-term rallies. The overall strategy remains to short on rallies.
Aggressive strategy: Short around 885
Conservative strategy: Short when pressured around 900
Target range: 850–820
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