The price rebounded near the upper Bollinger Band and faced resistance. The previous high of 909.98 formed an effective resistance level. The upper band lacks upward momentum, and the short-term upward space is clearly limited. Although the MACD histogram is still red, signs of shrinking are evident. The price approaching the upper band has not broken through, indicating a potential top divergence risk.
BNB Trading Suggestion: Consider shorting around 907-914 on the rebound, with a target of 890-870.
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BNB Market Outlook
The price rebounded near the upper Bollinger Band and faced resistance. The previous high of 909.98 formed an effective resistance level. The upper band lacks upward momentum, and the short-term upward space is clearly limited.
Although the MACD histogram is still red, signs of shrinking are evident. The price approaching the upper band has not broken through, indicating a potential top divergence risk.
BNB Trading Suggestion: Consider shorting around 907-914 on the rebound, with a target of 890-870.