11.18 BNB Morning Analysis

Daily Level Analysis
· K-line pattern: The daily line shows a medium bearish decline, with the price dropping 2.18% to 906.04, reaching a low of 891.72, breaking below the previous key support of 908, forming a downward break structure.
· Bollinger Bands: The price has broken below the middle band (928.06) and is moving toward the lower band (904.17). The Bollinger Bands are starting to widen downward, indicating an increase in bearish momentum.
· MACD: DIF (-9.31) and DEA (-7.63) have formed a death cross below the zero line, and the MACD histogram (-3.36) has turned negative, with bearish momentum taking the lead again.
· RSI: RSI6 (34.15) has entered the weak zone, both RSI12 and RSI24 are below 50, indicating a bearish market sentiment.
· Key Levels: 891.72 has become the new key support, and 928.06 (Bollinger Band midline) has turned into significant resistance.
4-hour level analysis
· Trend Structure: The price has fallen from a high of 939.55, forming a clear downward trend. After breaking below the key support level of 908, it has accelerated downward and is currently testing the lower support at 904.
· Moving Average System: The moving averages of all periods are in a bearish arrangement, with the short-term moving average creating resistance around 920.
· MACD: After the DIF and DEA form a dead cross below the zero line, they quickly move downward, and the MACD histogram's negative value amplifies, indicating strong bearish momentum.
· Price-Volume Relationship: Net outflow of $-3.9775 million, continuous outflow of funds indicates cautious market sentiment.
Comprehensive judgment
BNB has confirmed a daily-level breakdown, with a clear shift to a bearish technical outlook. After the price fell below the key support level of 908, the downside space has opened up. Although the decline is relatively smaller compared to other major cryptocurrencies, the bearish momentum is dominant, and any rebound presents a shorting opportunity.
Operation Recommendations
· Short Position Strategy:
· Short in batches in the 915-920 range on a pullback, target 905-900
· After breaking below 891, rebound to short, target 865-875
· Long Position Strategy:
· A stabilization signal in the 900-895 range may allow for light long positions, with a target of 910-915.
· After breaking above 928, pull back to go long, target 940-950
Overall, the short-term trend of BNB is bearish. It is recommended to look for shorting opportunities near the resistance level during a rebound, with strict risk control to avoid counter-trend operations. Although the decline is relatively mild, attention should be paid to the correlated risks brought about by changes in the overall cryptocurrency market environment. #美国结束政府停摆