9.8 Morning BNB Market Analysis and Trading Suggestions

Market Analysis

From the 4-hour KDJ technical perspective, the current indicator is in the overbought range of 94, with insufficient short-term upward momentum, and a clear reversal pattern has appeared, further confirming the demand for a short-term pullback. Combined with the overall trend, the current market still leans towards bearishness, with limited rebound strength, and it is highly likely that the downward trend will continue.

Operation Suggestions

1. Short Position Setup: It is recommended to set up a short position around the 882 level. When entering the market, observe whether there are any signs of resistance near this level (such as bearish candles or upper shadows). Confirm the signals before entering to enhance the accuracy of the operation.
2. Target price levels: The targets are sequentially looking at 870, 860, and 850. You can take profits in batches based on market trends to avoid missing out on some gains due to market fluctuations.
3. Risk Control: It is advised to set the stop loss above 888. If the price breaks through this level, it indicates that the short-term bearish logic has failed, and one should exit promptly to control losses.