Midday Market Review on the 9th

BNB stabilized around the 875 level yesterday and has been steadily trending upward. This morning, as it approached around 895, it encountered resistance and pulled back. The pressure around the 895 region still seems quite evident.

The subsequent strategy is clear—after a rebound is blocked, it's usually a good opportunity to short. High-level resistance is a signal. Specifically, in terms of trading, consider short positions if BNB rebounds to the 896-900 range, with a stop-loss placed slightly above. The target is to look at the support zone between 885-875. If it breaks below 875, then a lower level should be watched.

This repeated testing of high-level resistance often indicates limited upward space, and instead, it presents a greater opportunity for bears.