From the 4-hour chart perspective, BNB has clearly deteriorated. Not only has it broken below the 30-day moving average, a key support level, but it has also formed the typical "lower high + lower low" downtrend structure — when this pattern emerges, bears generally have the upper hand.
The indicators are telling the same story. The MACD fast and slow lines continue to diverge below the zero axis, with the green histogram expanding, indicating that downward momentum is still accumulating and releasing. The RSI bounced back to the neutral zone but lacked the strength to push higher, then reversed direction and headed down. The buying pressure attempting a counterattack shows very weak energy.
Finally, looking at the moving average alignment: the 30, 60, and 120-day moving averages have all turned downward, forming a standard bearish arrangement. Resistance is concentrated above, and even if it bounces up, it will likely be pushed down again. In the short term, the structure suggests a weak downtrend.
The key focus is whether BNB can firmly hold the 30-day moving average; otherwise, the current pattern will be difficult to improve.
**Trading Reference**: Consider shorting on pullbacks to the 900-915 range, with support to watch at 865-880.
The bear market survival guide got updated again... The 30-day MA broke, this dip stings a bit. When the MACD histogram expands in green, I typically just quietly reduce my position size—the statistical significance is there anyway.
It all comes down to whether BNB can hold the 900-915 level. If it can't... well, embrace the world and DCA is king, right?
January 9 BNB Daily Analysis:
From the 4-hour chart perspective, BNB has clearly deteriorated. Not only has it broken below the 30-day moving average, a key support level, but it has also formed the typical "lower high + lower low" downtrend structure — when this pattern emerges, bears generally have the upper hand.
The indicators are telling the same story. The MACD fast and slow lines continue to diverge below the zero axis, with the green histogram expanding, indicating that downward momentum is still accumulating and releasing. The RSI bounced back to the neutral zone but lacked the strength to push higher, then reversed direction and headed down. The buying pressure attempting a counterattack shows very weak energy.
Finally, looking at the moving average alignment: the 30, 60, and 120-day moving averages have all turned downward, forming a standard bearish arrangement. Resistance is concentrated above, and even if it bounces up, it will likely be pushed down again. In the short term, the structure suggests a weak downtrend.
The key focus is whether BNB can firmly hold the 30-day moving average; otherwise, the current pattern will be difficult to improve.
**Trading Reference**: Consider shorting on pullbacks to the 900-915 range, with support to watch at 865-880.