Overnight US stock market fluctuations have affected market sentiment. BNB initially surged higher, then pulled back during the early morning hours, finding support around 892 before rebounding. Currently, the price is hovering near 908, entering a phase of consolidation and sideways movement.
The market looks somewhat delicate. The short-term rebound high points are continuously declining, indicating that selling pressure above is gradually accumulating, while trading volume clearly lacks sufficient momentum. The bulls' strength is relatively weak, making it easier for the market to evolve into a sideways or even downward trend. Until a clear breakout of the key resistance zone occurs, there is limited room for further upward movement.
The short-term strategy is quite clear—consider taking profits once the rebound reaches a certain height and prepare to short, requiring patience to wait for the price to reach an ideal entry zone.
Specifically, the 910–915 area is worth close attention. Once clear resistance signals appear, it’s advisable to consider short positions. The support level below is set at around 890; how the price reacts at this level is crucial for the next trend and can serve as a reference for observation or phased profit-taking.
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BridgeNomad
· 01-07 03:50
ngl, this 910-915 resistance zone giving me major flashbacks to the old bridge routing failures... every time liquidity fragments like this, some exploit vector shows up. tvl migration patterns don't lie—weak volume = weakening trust assumptions. 890's the real tell though, once counter-party risk kicks in there, whole thing collapses. staying short tbh.
Reply0
DataChief
· 01-07 03:49
Support at 892 is still a bit weak; I feel that 890 is the real bottom line. Waiting to see if it breaks below.
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liquidation_surfer
· 01-07 03:40
892 support held, but this rebound doesn't seem to have much momentum... If 910-915 can't be broken, short positions will definitely take a hit.
With such poor volume, trying to push higher is just courting death for the bulls.
Losing 890 is truly dangerous; now just waiting for a rebound to the ideal position to short, safely and steadily.
Looking at the order book, in the short term, it's just a pattern of repeated oscillations. No breakout and no movement is normal.
That surge and fall back in the early morning was too obvious a signal... With such heavy resistance above, how can it break through easily?
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ProofOfNothing
· 01-07 03:36
It's starting to consolidate again. Looking at the volume, it's indeed weak.
If 890 can't hold, it will break directly. Short positions are already in place.
I'm also watching the 910-915 range, just waiting for a rebound to sell off.
The bulls really have no strength left. The decline in the early morning shows what's going on.
With BNB's current momentum, it's better to wait and observe for opportunities. Don't rush to get in.
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quiet_lurker
· 01-07 03:31
Feels like it's about to crash down again near 912, really frustrating with the lack of volume...
With so much selling pressure, the rebound highs are still decreasing, which is ridiculous... Short positions are indeed attractive.
If it can't break below 890, I feel like it will continue to fluctuate.
Once again, the US stocks caused a crash in the early morning. When will it finally settle down?
910-915 definitely needs to be watched closely. Once it breaks the level, go short. It's that simple.
Lack of volume + accumulated selling pressure, this combination is deadly. Bulls have no chance.
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PumpAnalyst
· 01-07 03:29
890 is the key hurdle. Break it and continue the surge; if not, continue oscillating and cutting the leeks.
The market maker's intentions are more obvious than ever. The persistent decline in highs is just a trap to lure more buyers. Be careful with stop-losses if you're entering now.
The most comfortable short position is around 910-915, just waiting for that one decisive move.
After this rebound, the momentum is indeed weak. The lack of volume indicates a false breakout signal.
While the outlook is bearish, the problem is that no one dares to break 890, which is the most terrifying part.
The bulls have run out of patience. Who will take over the position next?
The real test is still ahead. If 892 cannot be broken, everything above is a trap.
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0xSoulless
· 01-07 03:29
Another good show. When the US stocks sneeze, BNB catches a cold. It happens every time.
Rebound highs moving lower? Isn't this just the prelude for the big players to start offloading?
Shorting at 910-915 sounds good, but I bet five bucks it'll get stuck at 909—that's just playing with psychology.
Insufficient volume and still expecting a rise? Typical leek market, just the rhythm to cut us all.
If 890 is to break, then it's worth watching. Anything said now is just nonsense.
Overnight US stock market fluctuations have affected market sentiment. BNB initially surged higher, then pulled back during the early morning hours, finding support around 892 before rebounding. Currently, the price is hovering near 908, entering a phase of consolidation and sideways movement.
The market looks somewhat delicate. The short-term rebound high points are continuously declining, indicating that selling pressure above is gradually accumulating, while trading volume clearly lacks sufficient momentum. The bulls' strength is relatively weak, making it easier for the market to evolve into a sideways or even downward trend. Until a clear breakout of the key resistance zone occurs, there is limited room for further upward movement.
The short-term strategy is quite clear—consider taking profits once the rebound reaches a certain height and prepare to short, requiring patience to wait for the price to reach an ideal entry zone.
Specifically, the 910–915 area is worth close attention. Once clear resistance signals appear, it’s advisable to consider short positions. The support level below is set at around 890; how the price reacts at this level is crucial for the next trend and can serve as a reference for observation or phased profit-taking.