BNB is now around 697. I just climbed up from 600, pushed to 727, and then pulled back. This upswing is a real rise, but my move is to wait for the retracement—I’m not chasing.
First, the money. It’s the exact opposite of mid-August. Back then there were spot net outflows—none of the 12 candles were red. Now, over the past nearly three hours, there’s been a net inflow of 360,000 BNB, and all 12 candles are positive, with large orders coming in too. The capital is genuinely back—that’s the most important signal.
Technicals are lining up as well. The 4-hour and daily charts are both trending up, the momentum matches, and volume is up to about 2.7x of usual levels. MACD is strongly bullish. From 600 to 727, in 7 days it climbed nearly 15%—this move has a solid base.
But the position feels uncomfortable. That 727 wick wasn’t held; the 1-hour trend has flipped DOWN, and price has dropped back below the 15-minute double moving averages. RSI hit 83, and open interest increased by more than 7 points in a day. It’s rallying to a high level and adding fresh positions—short-term looks a bit overheated. On the 15-minute chart, spot net inflow just turned slightly negative again, and those who are thinking of chasing higher are hesitating.
So my bias is bullish, but I won’t chase at this level. Chasing longs under RSI 83 usually isn’t great in terms of cost-effectiveness. If it retraces into the 685 area, where there are people ready to take it up, that would be much more comfortable. If the retracement can’t even hold the previous low, then we’ll reassess again.
#bnb $BNB
First, the money. It’s the exact opposite of mid-August. Back then there were spot net outflows—none of the 12 candles were red. Now, over the past nearly three hours, there’s been a net inflow of 360,000 BNB, and all 12 candles are positive, with large orders coming in too. The capital is genuinely back—that’s the most important signal.
Technicals are lining up as well. The 4-hour and daily charts are both trending up, the momentum matches, and volume is up to about 2.7x of usual levels. MACD is strongly bullish. From 600 to 727, in 7 days it climbed nearly 15%—this move has a solid base.
But the position feels uncomfortable. That 727 wick wasn’t held; the 1-hour trend has flipped DOWN, and price has dropped back below the 15-minute double moving averages. RSI hit 83, and open interest increased by more than 7 points in a day. It’s rallying to a high level and adding fresh positions—short-term looks a bit overheated. On the 15-minute chart, spot net inflow just turned slightly negative again, and those who are thinking of chasing higher are hesitating.
So my bias is bullish, but I won’t chase at this level. Chasing longs under RSI 83 usually isn’t great in terms of cost-effectiveness. If it retraces into the 685 area, where there are people ready to take it up, that would be much more comfortable. If the retracement can’t even hold the previous low, then we’ll reassess again.
#bnb $BNB