BNB fell below $1000, with trading volume declining by 17% in 24 hours, and futures interest is also cooling down. From a technical perspective, the RSI is showing selling pressure around 38, and the Candlestick has pierced through the middle band of the Bollinger Bands. The key to holding in the short term is at 980; if this level is lost, there is strong support below at 950-935. The medium to long-term fundamentals are still positive, with ecological activities on the rise; this wave seems more like a short-term adjustment rather than a reversal. Traders suggest controlling risk, with stop loss set in the 935-950 range, waiting for a rebound in trading volume before increasing the position.
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BNB fell below $1000, with trading volume declining by 17% in 24 hours, and futures interest is also cooling down. From a technical perspective, the RSI is showing selling pressure around 38, and the Candlestick has pierced through the middle band of the Bollinger Bands. The key to holding in the short term is at 980; if this level is lost, there is strong support below at 950-935. The medium to long-term fundamentals are still positive, with ecological activities on the rise; this wave seems more like a short-term adjustment rather than a reversal. Traders suggest controlling risk, with stop loss set in the 935-950 range, waiting for a rebound in trading volume before increasing the position.