The recent downtrend of BNB has been completely nailed down! The two consecutive falls on the 4-hour chart have left the long positions bewildered, and the 1-hour chart is even weaker to the point of being helpless—previously, there was hardly any decent support when it approached the 900 mark, and the rebound strength was comparable to "a dragonfly touching the water." The rhythm of rising slightly then falling completely exposes the predicament of the long positions' weakness.

The current technical indicators have already sent clear bearish signals, with the MACD and RSI indicators both pointing towards weakness. The 900 level has completely shifted from a support level to a strong resistance, with selling pressure above becoming so intense that it is difficult to break through. Coupled with the increasing macro headwinds in the entire cryptocurrency market and the environment of liquidity contraction, BNB will undoubtedly continue to face pressure, with little chance of a rebound in the short term.

Operating idea:
Wait patiently for BNB to rebound to the 830-840 range before placing short positions, with the lower targets directly looking at the 800 and 790 levels.

If it falls below the 800 integer level, it may trigger further stop-loss sell-offs, and the downward space will open up further.
#十二月行情展望