BNB is currently hovering around the $850 level, following a 1.5% daily decline. The entire market is filled with a cautious atmosphere, and trading strategies have shifted from aggressive to conservative defense.

A defensive stance has become mainstream. In the past 24 hours, BNB has fallen more than 1.5%, with trading volume reflecting that traders are more concerned with capital preservation than aggressive longs. During the same period, Bitcoin retreated from $90,000 to $87,000, with mainstream indices dropping around 2.5%. This is not an isolated problem for BNB but a sign of the overall market risk appetite cooling significantly.

BNB briefly broke through $860, but sellers immediately appeared, pushing the price back down. This indicates that resistance above is real. Looking at the daily chart, the price trend still lacks confidence, with the key trend line not returning, and the latest close bouncing below the dynamic resistance, with no new upward trend established.

The $850 to $870 range has now become the focus. This zone is where the current bullish and bearish forces are balanced. If the price effectively breaks through $870, it will reignite expectations of a push toward $900; conversely, if it falls below the support line at $820, it could trigger a chain of sell-offs, and trading strategies will inevitably shift toward more cautious positioning.

Technically, the outlook appears somewhat weak but also interesting. The MACD indicator remains in negative territory, confirming that downward momentum still dominates, but the histogram bars are shrinking, indicating that selling pressure is easing. The RSI is in a neutral to slightly lower state, not entering oversold territory, but trending toward stability. Sellers are still holding the rebound, while buyers are sharpening their blades in the support zone. From the order book, there are actually quite a few buy orders stacked below the current price.