Recently, I've been watching BNB's 1-hour chart, and there's a phenomenon worth discussing: currently in a clear downtrend distribution phase, yet no effective signs of capital support have been detected below.

This is quite awkward—if you want to catch the bottom, you're basically competing with the market maker's willpower, and they clearly can endure this prolonged struggle.

From the 1-hour resistance structure, the sellers have laid out a very clear roadmap. If the recent rebound encounters the 851.00-853.29 zone, it will likely face resistance, and the 858.00-861.46 zone is also a testing point. Approaching these levels could easily lead to a pullback or a false breakout. But the real trouble lies above— the pressure from the overlapping zones of 889.76-893.32 and 895.40-899.50, combined with the very wide overhead resistance zone of 892.52-905.17, makes rebounds increasingly difficult.

My view is that there's no need to rush into short positions. A more prudent approach is to wait until the rebound enters the resistance zone, observe whether there are signs of volume drying up, long upper shadows, inability to close the 1-hour candle, or other rejection signals, and then look for short entry points to be more secure.

Another key issue is that there is currently no identified strong support zone below, which means the sustainability of the rebound isn't very strong. This also makes any bottom-fishing long positions more like gambling. At this stage, it's better to focus on observation and avoid rushing into trades.