BNB Market Analysis

BNB has been in a continuous decline mode since the previous high of $952, currently consolidating weakly around $890, with the market showing clear signs of weakness.

The previously key support level of $900 has now completely turned into a strong resistance. Multiple attempts to break through have failed, and after being pressured, the price quickly retreated, indicating heavy selling pressure above. More concerning is the recent continuous decline in trading volume, which directly reflects that the bullish momentum has exhausted, and market funds are reluctant to enter, making short-term rebounds unlikely to sustain.

Based on the current trend, trading suggestions focus on shorting:
Sell in batches within the $895-$898 range, targeting around $870-$860. If broken, consider further shorting towards $850 to capture downward profit opportunities. #Gate每10分钟送1克黄金 #现货黄金再创新高 #社区成长值抽奖十六期