BNB 788 can’t hold anymore? The rebound is getting weaker and weaker, with the shorts eyeing 784
$BNB —this rebound really feels a bit underwhelming.
The four-hour chart closed at 786.88, down 0.36%. The high was 790.53, but it couldn’t even reach 791. Every time price tries to push higher, it gets pulled back.
Looking at the last four 15-minute K-lines within the past hour: the highs have slid from 789.57 down to 787.55, and the lows are also trending downward. The close dropped as well—from 787.86 to 786.88. This isn’t consolidation; it’s a steady grind lower. The bulls clearly don’t have strength anymore.
More importantly, volume: in the last four hours, the trading volume in the final two hours is even lower than in the first two hours by 0.34%. If the rebound can’t pick up volume, it means no one is willing to buy here. In that case, this rebound just hands opportunities to the shorts.
My view is simple: 788 isn’t a stable level. For the short term, I continue to look for downside, with 784 as the first target below. If 784 can’t be held either, sentiment will worsen further.
Of course, if price can get back above and hold 791, I’ll admit I’m wrong and withdraw the bearish view. But until then, don’t rush to bottom-fish. $BNB ’s short-term momentum is still in the shorts’ hands.
*(The above is just personal observation of the order book and price action, not investment advice. The market can change at any time—manage your positions responsibly.)*
$BNB —this rebound really feels a bit underwhelming.
The four-hour chart closed at 786.88, down 0.36%. The high was 790.53, but it couldn’t even reach 791. Every time price tries to push higher, it gets pulled back.
Looking at the last four 15-minute K-lines within the past hour: the highs have slid from 789.57 down to 787.55, and the lows are also trending downward. The close dropped as well—from 787.86 to 786.88. This isn’t consolidation; it’s a steady grind lower. The bulls clearly don’t have strength anymore.
More importantly, volume: in the last four hours, the trading volume in the final two hours is even lower than in the first two hours by 0.34%. If the rebound can’t pick up volume, it means no one is willing to buy here. In that case, this rebound just hands opportunities to the shorts.
My view is simple: 788 isn’t a stable level. For the short term, I continue to look for downside, with 784 as the first target below. If 784 can’t be held either, sentiment will worsen further.
Of course, if price can get back above and hold 791, I’ll admit I’m wrong and withdraw the bearish view. But until then, don’t rush to bottom-fish. $BNB ’s short-term momentum is still in the shorts’ hands.
*(The above is just personal observation of the order book and price action, not investment advice. The market can change at any time—manage your positions responsibly.)*
