Have you seen the BNB trend this hour? It dropped straight from 890 to 820, losing 70 points just like that. Friends who caught a falling knife above 890, is your account already in the red?

Why is it falling so fast? The data speaks for itself. A 0.21% drop in 4 hours may not seem much, but it has plummeted 5.14% in 24 hours. What's worse is the liquidation data: long positions have liquidated 3.5 million USD in 24 hours, while short positions only 280,000 USD — it's clear that the bulls have been harvested. On the technical side, the MACD just crossed golden a little while ago and has now turned to death cross, with the volume of red bars suddenly expanding, and both RSI and MFI have entered the oversold zone. What does this indicate? The selling pressure is too strong, and the short-term buying cannot hold. So don’t rush to catch a falling knife; the overall trend is still moving downward.

What to do if it’s above 890? Remember two principles: First, don’t average down! Averaging down when the trend is downward is just giving money to the market. Second, keep an eye on the rebound resistance levels. 960 and 885 are strong resistance areas; if there’s a rebound to this vicinity, reduce your position if necessary, and cut losses if needed. Don’t fantasize about recovering directly. Looking downward, 840-815 is the first support level, there may be a small rebound, but the real major support is around 788, and this round is likely to test that position. Remember this: surviving is more important than recovering losses; don’t let one position drag down all your capital.

How to operate specifically? Here are three ideas for your reference: First, reduce positions on a rebound - if the price rebounds to around 885, first reduce a portion of your position to leave yourself some buffer space. Second, hedge with locked positions - open a small short position around 840 to hedge against risks, and close the short position when it drops to 788. Third, staggered stop-loss - do not liquidate all at once, handle it in batches based on support levels to reduce psychological pressure.

The market will not stop because of your costs; you have to acknowledge the losses. Looking at the data calmly and strictly executing the plan is the way to survive.