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Staring at the 1-hour chart of BNB for half an hour—the market seems like it's stuck on something, unable to move up or down, oscillating within this range. The obvious question now is: will this wave push towards 850 or fall back to 835? Don't rush to make a judgment; let's first review the news and technical aspects, and finally I will share a strategy for surviving in a ranging market.
Starting with the macro environment. The US stock market closed early tonight and will be closed tomorrow. This seemingly ordinary news actually indicates that liquidity will be withdrawn to some extent. Every time large funds leave for holidays, the crypto market often sees "surprise" moves—either a sudden upward surge or a quick plunge. Many people think there’s no market during holidays, but this actually relaxes vigilance, making it the best time to cut the leeks.
Now, looking at the technical details. On the 1-hour chart, BNB is currently trapped between the resistance at 850–854 and the support at 847–840, with the real bottom at 835.58. The two MACD lines are still oscillating above the zero line—bulls haven't completely given up, but their strength is waning. This state is most prone to "false breakouts": the price suddenly spikes to lure buyers, then quickly drops.
My judgment is: from tonight to tomorrow, BNB is likely to gently test around 850, but a direct break above 854 is unlikely. If trading volume can't keep up, it will quickly fall back into the 847–840 range. Interestingly, if the 840 support is broken, the next battleground will be at 835.58. I tend to believe that the main players might be setting up a "deep V rebound" pattern at this level—if the price falls below 840, triggering panic, then immediately rebounds. The key is to distinguish whether this decline is a true breakdown or a trap.