Evening of 12.7

From the perspective of the 1-hour K-line period and technical indicators, BNB is showing a weak rebound characteristic after a sharp drop in the short term; recently, the price surged to 898.43 and then quickly pulled back, with a large bearish candlestick breaking below the middle Bollinger Band at 893.10, reaching a low of 887.15, close to the lower Bollinger Band at 887.93. This was followed by a bullish candlestick with a rebound back to 891, forming a “sharp surge and crash + low-level rebound” oscillating pattern. The downward momentum has been partially released, but the bullish counterattack remains weak. The upper Bollinger Band is turning downward, and the price has fallen from the upper band to between the middle and lower bands. The bands are narrowing, indicating that the short term has entered a consolidation phase.

The KDJ indicator lines are all below 50, in a weak zone. The J line has slightly turned up after bottoming out but has not broken through the K/D lines. The death cross status remains, reflecting short-term oversold conditions but insufficient rebound momentum. The MACD histogram has turned green and continues to extend, indicating that bullish momentum is rapidly fading and bears are taking the initiative.

In the short term, the 1-4 hour trend is likely to continue a low-level consolidation and recovery: if the support at the lower Bollinger Band at 887.93 holds, a rebound toward the middle band at 893.10 may occur; if the 887.15 low is broken, there will be further downside, and any rebound will be significantly suppressed by the middle band, making it difficult to change the weak and oscillating pattern in the short term. It is recommended to consider a light position entry near the 900-912 area on rebounds, targeting the 880-865 area.

The above is only a personal suggestion for reference only; please refer to Haoyu Shipan’s specific arrangements! $BNB ‌#bnb