#密码资产动态追踪 BNB 1-Hour Chart Alert: Upward Movement Triggered, Beware of a Pullback
The technical indicators are quite clear. BNB has been repeatedly suppressed between 905 and 918. Currently, it has fallen below the BOLL middle band at 902.3 and is approaching the lower band. The moving average system is also disrupted—MA30 (910.4) and EMA7 (906.4) have a death cross, and the short-term 30, 60, and 120 lines are all trending downward. MACD remains below the zero line, with no signs of convergence in the histogram, indicating that the bearish momentum is still being continuously released.
If the critical support at 896 to 900 is broken with increased volume, the hourly chart may start a downward channel.
On-chain data also tells a story. In the past 24 hours, the number of large addresses transferring funds into hot wallets has significantly increased—monitoring data shows over 150,000 BNB flowing into top platform hot wallets, indicating mounting selling pressure. Meanwhile, the funding rate for perpetual contracts has turned negative, suggesting that market investors are indeed becoming more cautious.
On the news front, the BNB Chain ecosystem hasn't seen any strong positive catalysts recently. The market is in a correction phase, with funds shifting towards BTC and emerging public chains. BNB lacks an independent bullish story in the short term.
My view is: in the short term (1 to 3 days), look for a retracement to the support zone around 890 to 895. Unless it quickly volume-stands above 912, don’t rush to chase longs. For friends with a medium to long-term outlook, you can gradually build positions between 885 and 895. But for short-term traders, it’s recommended to reduce positions or open short positions around 908 to 910 to hedge.
Plan your exit strategy before trading, and don’t let emotions influence your decisions. $BNB
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
6
Repost
Share
Comment
0/400
HypotheticalLiquidator
· 01-12 13:10
150,000 BNB dumped into hot wallets. The selling pressure is building up quite intensely. When the funding rate turns negative, it's a psychological indicator; be cautious.
View OriginalReply0
MindsetExpander
· 01-12 13:09
They're starting to dump again. I'm afraid the 890 level won't hold. I already said not to chase the highs. This wave of selling is definitely retail investors getting cut again.
View OriginalReply0
NFTregretter
· 01-12 13:07
Damn, is it going to crash again? I knew 912 wouldn't hold, and it's really frustrating. The big players are really dumping this time.
View OriginalReply0
ponzi_poet
· 01-12 13:07
It's the familiar dump pattern again. I've seen a lot of hot wallet buying... Whether it's true or not, we'll see.
View OriginalReply0
MissedAirdropBro
· 01-12 13:07
Bro, this move is really intense. 150,000 BNB flowing into exchanges is really hard to withstand.
View OriginalReply0
ForkThisDAO
· 01-12 12:53
890 should be reduced immediately. This wave of bears is indeed fierce; moving 150,000 BNB to the exchange is no joke.
#密码资产动态追踪 BNB 1-Hour Chart Alert: Upward Movement Triggered, Beware of a Pullback
The technical indicators are quite clear. BNB has been repeatedly suppressed between 905 and 918. Currently, it has fallen below the BOLL middle band at 902.3 and is approaching the lower band. The moving average system is also disrupted—MA30 (910.4) and EMA7 (906.4) have a death cross, and the short-term 30, 60, and 120 lines are all trending downward. MACD remains below the zero line, with no signs of convergence in the histogram, indicating that the bearish momentum is still being continuously released.
If the critical support at 896 to 900 is broken with increased volume, the hourly chart may start a downward channel.
On-chain data also tells a story. In the past 24 hours, the number of large addresses transferring funds into hot wallets has significantly increased—monitoring data shows over 150,000 BNB flowing into top platform hot wallets, indicating mounting selling pressure. Meanwhile, the funding rate for perpetual contracts has turned negative, suggesting that market investors are indeed becoming more cautious.
On the news front, the BNB Chain ecosystem hasn't seen any strong positive catalysts recently. The market is in a correction phase, with funds shifting towards BTC and emerging public chains. BNB lacks an independent bullish story in the short term.
My view is: in the short term (1 to 3 days), look for a retracement to the support zone around 890 to 895. Unless it quickly volume-stands above 912, don’t rush to chase longs. For friends with a medium to long-term outlook, you can gradually build positions between 885 and 895. But for short-term traders, it’s recommended to reduce positions or open short positions around 908 to 910 to hedge.
Plan your exit strategy before trading, and don’t let emotions influence your decisions. $BNB