AI Analysis: $BNB/USDT

Entry price: 889–893
Target Price:

- TP1: 910
- TP2: 920
- TP3: 930.19
Stop-loss price: below 876.41

Reason for Purchase:

1. Confirmation of Form:
- The daily chart has formed a "double bottom" reversal structure (neckline at 910), with a bottom depth of 33.59 (876.41-910)
- Measure of increase = Bottom depth × 1.618 = 54.35 → Target price 3 = 876.41 + 54.35 = 930.76 (Actual integer 930.19)
2. Trend Structure:
- The weekly level breaks the 2024 downward trend line (connecting 930.19 to 920), and the price stands above MA(50) 890.
- RSI(14)=58 (neutral to bullish), MACD red bars expanding indicate strengthening bullish momentum.
3. Breakthrough Potential:
- Breaking above 910 opens up 930.19 + upward space
- If a valid breakout occurs, it may trigger a 2.0x leverage contract liquidation.
4. Indicator Verification:
- The OBV indicator has reached a new 20-day high, indicating capital inflow.
- Funding rate +0.125% (positive for 8 consecutive days), futures open interest exceeds 6.5 billion USD
- On-chain data: Exchange net flow -150,000 coins, whale holdings increased by 28%

Key Observation:

1. Support effectiveness: 876.41 corresponds to the September 2024 low and the Fibonacci 61.8% retracement level.
2. Moving Average System: MA(200) 888 coincides with the lower edge of the entry range, forming strong support.
3. Volatility Expansion: The Bollinger Bands width has expanded to 3.2% (the highest in the last 30 days), and the breakout direction may bring a single-day volatility of over 10%.

Trading Logic:

- Gradual position building: 889 (Fibonacci 38.2% retracement level) for the first entry, 893 (MA50) for additional entry, averaging price controlled at 891
- Stop-loss mechanism: 876.41 is set below the double bottom neck line, in line with the technical definition of "effective breakdown pattern".
- Target Progression:
- 910 (Neckline level): Take profit 30% position
- 920 (historical high): Reduce position by another 50%
- 930.19 (annual line resistance): Remaining positions bet on trend extension

Risk Warning:

- If the price falls below 876.41, be cautious of the double top failure risk.
- The 930.19 area has strong resistance (annual line + Fibonacci 161.8% extension point), need to observe the volume and price combination.

This content is for reference only and should not be considered as investment advice.