Guys, the short-term bearish call on BNB was right on the money—first target at 782 reached.
My exact words last time were: “My stance is clear: I’m bearish on BNB in the short term, with a target of 782. If it reclaims and holds above 787, this bearish thesis is invalidated.” In this round of tracking, the price moved from 782.41 down to 779.53, hitting the first target. The direction was right this time, and that’s a satisfying win.
The price action didn’t do the bulls any favors either: it couldn’t push past 784, and over the past four hours it drifted down from 783.24 to 779.24. After reaching a high of 784, the rebound lacked strength, and the price stayed below 781. The volume told an even clearer story: volume in the last two hours was about 70% lower than in the previous two hours. There was no buying support on the way down, and the rebound was weak.
I’m still bearish going forward, for one reason: there’s no volume behind the buying, so the 778 low is unlikely to hold. A break below it would open up more downside. As long as the price doesn’t reclaim and hold above 784, the short-term weakness remains; 778 is the next level to watch.
The conditions remain as stated in the original post: the initial call is invalidated only if the price reclaims and holds above 787. For short-term monitoring here, I’m using 784 as the key level. This is just short-term price-action tracking—not a long-term prediction or a guarantee that the next call will be right. There’s no record of actual trades to follow, so manage your own position size.
This is not investment advice. Crypto markets are highly volatile, and you are responsible for your own gains and losses.
Original post: https://www.binance.com/zh-CN/square/post/374422210785857
$BNB
My exact words last time were: “My stance is clear: I’m bearish on BNB in the short term, with a target of 782. If it reclaims and holds above 787, this bearish thesis is invalidated.” In this round of tracking, the price moved from 782.41 down to 779.53, hitting the first target. The direction was right this time, and that’s a satisfying win.
The price action didn’t do the bulls any favors either: it couldn’t push past 784, and over the past four hours it drifted down from 783.24 to 779.24. After reaching a high of 784, the rebound lacked strength, and the price stayed below 781. The volume told an even clearer story: volume in the last two hours was about 70% lower than in the previous two hours. There was no buying support on the way down, and the rebound was weak.
I’m still bearish going forward, for one reason: there’s no volume behind the buying, so the 778 low is unlikely to hold. A break below it would open up more downside. As long as the price doesn’t reclaim and hold above 784, the short-term weakness remains; 778 is the next level to watch.
The conditions remain as stated in the original post: the initial call is invalidated only if the price reclaims and holds above 787. For short-term monitoring here, I’m using 784 as the key level. This is just short-term price-action tracking—not a long-term prediction or a guarantee that the next call will be right. There’s no record of actual trades to follow, so manage your own position size.
This is not investment advice. Crypto markets are highly volatile, and you are responsible for your own gains and losses.
Original post: https://www.binance.com/zh-CN/square/post/374422210785857
$BNB