Looking at BNB's trend yesterday. The 955 level was indeed reached, and the daily high stopped right there. From the rebound starting at 928, it continued upward until early this morning, but then lost momentum around 950.
The rebound momentum is clearly weakening, which is a warning sign. Each high is lower than the previous one, indicating that the bulls are losing strength. At this pace, there will likely be more downward opportunities later.
For intraday trading, I plan to look for short entries near the 950 level, with a target around 900. XRP and SOL are also worth paying attention to, as their movements have been correlated during this recent correction cycle.
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RumbleValidator
· 6h ago
950 was not broken through, which indicates a problem. The bulls are already exhausted, and the data is right here.
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GateUser-b8457741
· 6h ago
2026 GOGOGO 👊
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GateUser-b8457741
· 6h ago
Happy New Year! 🤑
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MoodFollowsPrice
· 6h ago
950 is no longer exciting; this time the bears are about to make a move.
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MidnightSeller
· 6h ago
950 is not exciting anymore, the empty signal is indeed obvious
Looking at BNB's trend yesterday. The 955 level was indeed reached, and the daily high stopped right there. From the rebound starting at 928, it continued upward until early this morning, but then lost momentum around 950.
The rebound momentum is clearly weakening, which is a warning sign. Each high is lower than the previous one, indicating that the bulls are losing strength. At this pace, there will likely be more downward opportunities later.
For intraday trading, I plan to look for short entries near the 950 level, with a target around 900. XRP and SOL are also worth paying attention to, as their movements have been correlated during this recent correction cycle.