11.17 BNB Evening Analysis

Daily level analysis

· K-line pattern: Daily line oscillates and retraces, price drops by 1.40% to 936.00, operating within the range of 908.16-949.76, with the daily line showing a high-level consolidation trend.
· Bollinger Bands: The price is running above the middle band (930.31), the Bollinger Bands are continuously narrowing, with the upper band (947.56) and lower band (913.05) forming the recent fluctuation range.
· MACD: DIF (-4.99) and DEA (-6.97) have crossed above the zero line, and the MACD histogram (3.96) continues to expand, indicating that the rebound momentum is strengthening.
· RSI: RSI6 (56.32) is above the 50 midline, while RSI12 and RSI24 remain below 50, indicating a short-term strengthening but still a weak mid-term.
· Key levels: 908.16 serves as important support, while 947.56 (Bollinger Band upper limit) is recent resistance.

4-hour level analysis

· Trend Structure: The price is fluctuating widely within the 908-950 range, rebounding from the low point of 908 to near 950 before retreating, and is currently consolidating above the middle track.
· Moving Average System: The short-term moving averages are in a bullish arrangement, with the price above the MA7 and MA30 moving averages, indicating a support trend in the moving average system.
· MACD: DIF and DEA are operating above the zero axis, and the MACD histogram remains positive, indicating that the short-term rebound pattern is intact.
· Price-Volume Relationship: Net outflow of $-2.5376 million, with a slight outflow of funds but limited impact, market sentiment is relatively stable.

Comprehensive judgment

BNB is in a key oscillating upward phase, with technical indicators showing strong short-term rebound momentum. The price is operating within the 908-950 range and is currently stabilizing above the middle track, with the potential to test the upper track pressure upwards. Although there is a slight outflow of funds, the technical aspect supports further upward movement.

Operation Suggestions

· Long Position Strategy:
· Pull back to the 930-925 range to stabilize and go long, target 945-950
· After breaking 950, pull back to go long, target 965-975
· Short Position Strategy:
· Short at resistance in the 948-952 range, target 935-930
· After breaking below 925, rebound to short, target 905-910

Risk Warning: BNB is on the verge of a key breakthrough, with a bullish technical outlook but attention is needed on the overall market environment. It is recommended to operate with a light position and strictly set stop-loss levels, focusing on the breakout of the 930 support and 950 resistance levels. A valid breakthrough will initiate a new trend.

Overall, BNB is showing a slight bullish trend in the short term. It is recommended to seize the opportunity to go long on pullbacks and follow the trend after breaking through key resistance levels. The technical aspect supports further upward movement, but attention should be paid to the impact of changes in capital flow on the trend.