Staring at the 1-hour chart of BNB for half an hour—the market seems like it's stuck on something, unable to move up or down, oscillating within this range. The obvious question now is: will this wave push towards 850 or fall back to 835? Don't rush to make a judgment; let's first review the news and technical aspects, and finally I will share a strategy for surviving in a ranging market.



Starting with the macro environment. The US stock market closed early tonight and will be closed tomorrow. This seemingly ordinary news actually indicates that liquidity will be withdrawn to some extent. Every time large funds leave for holidays, the crypto market often sees "surprise" moves—either a sudden upward surge or a quick plunge. Many people think there’s no market during holidays, but this actually relaxes vigilance, making it the best time to cut the leeks.

Now, looking at the technical details. On the 1-hour chart, BNB is currently trapped between the resistance at 850–854 and the support at 847–840, with the real bottom at 835.58. The two MACD lines are still oscillating above the zero line—bulls haven't completely given up, but their strength is waning. This state is most prone to "false breakouts": the price suddenly spikes to lure buyers, then quickly drops.

My judgment is: from tonight to tomorrow, BNB is likely to gently test around 850, but a direct break above 854 is unlikely. If trading volume can't keep up, it will quickly fall back into the 847–840 range. Interestingly, if the 840 support is broken, the next battleground will be at 835.58. I tend to believe that the main players might be setting up a "deep V rebound" pattern at this level—if the price falls below 840, triggering panic, then immediately rebounds. The key is to distinguish whether this decline is a true breakdown or a trap.
BNB0.35%
View Original
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.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
SingleForYearsvip
· 3h ago
850 or 835, I've had my eyes on these two levels for a long time. US stocks being on holiday indeed makes it easier for unexpected moves, based on historical experience. The deep V rebound pattern has been seen too many times; the key is not to be lured into a short squeeze. The 835.58 support level must be held, or it will really cause panic. With the MACD looking like this, the bulls are indeed feeling a bit powerless.
View OriginalReply0
ReverseTradingGuruvip
· 3h ago
Holiday market is most vulnerable to being whipped out, and this time the US stock market holiday is just a trap --- 850 or 835, clearly a setup, don’t chase the high brothers --- I’ve seen the deep V rebound pattern too many times, the main players just love to play this heartbeat game --- Whether the 835.58 bottom line can hold is the key; if broken, it’s time to clear the position --- MACD is still swinging above the 0 axis, indicating some people are still dreaming there --- The most prone to strange market behavior is when liquidity is drained; I’ll just go all-in cash and lie flat --- Fake breakouts are the most disgusting; chasing up gets you locked in. What about you? --- The range between 847 and 840 has been oscillating for half an hour, what are the main players doing? --- Every holiday they launch sneak attacks, this routine is getting old, and today will be no different --- Don’t be scared by 850, the core is whether 840 can hold --- If the trading volume can’t keep up, the market will just drop back; that’s an iron law
View OriginalReply0
PerennialLeekvip
· 3h ago
Half an hour of watching the market has made my eyes tired, BNB is still stuck there, really annoying The main forces are planning something during the US stock market holiday, someone is definitely going to get cut Test around 850? I think it's uncertain, the probability of dropping further is higher I need to watch the 835.58 level carefully, I've seen too many deep V tricks Holiday market conditions are like a knife, if you're not careful, you'll be gone If I don't buy the dip this time, I'll wait for the perfect trap to escape
View OriginalReply0
TokenStormvip
· 3h ago
I feel like this 850 barrier is about to tear apart, the trading volume is not cooperating. The biggest risk during holiday trading is this kind of situation; liquidity dries up and it's easiest to get caught in a trap. At that level of 835.58, I feel the main players have already been lurking; I've played the deep V rebound strategy too many times. Is a false breakout coming again? Before breaking through, check if the energy bars are speaking or not. If the support at 847 breaks, you really need to be careful; don't be lured into a false breakout, or you'll get caught. This time, the US stock market holiday feels like a signal; big funds are all waiting for this time window. The MACD is still swinging above the zero line; the bulls are really losing strength. Anyway, I still play according to probability; with a 34% chance of explosion, whether to gamble or not depends on your mindset. With such poor liquidity, only real tough guys dare to buy in. Once the 840 support can't hold, there really won't be any defenses left.
View OriginalReply0
LiquidityNinjavip
· 3h ago
Once again, the same trick. When the US stock market closes, the main players start to manipulate. Wait, can really break through 850? It feels a bit uncertain. I’ve noted the 835.58 level. We’ll see the true outcome then. Inducing short squeezes and long squeezes, I just set my stop-loss and lie flat. With the MACD looking like this, it seems like it’s about to crash down. It sounds nice, but actually it’s just waiting for liquidity to be drained before launching a surprise attack. This is the easiest time to get trapped. I’ll wait and watch for now. The main players only have a few tricks. If it doesn’t break 854, I’ll exit. Deep V rebound? Haha, last time I said that, I immediately stopped out five points.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)