BNB has recently shown a clear bearish trend on the technical front. The once highly anticipated coin is now heavily trapped in positions, and the downward pull is growing stronger.

From a fundamental perspective, although BNB appears to have decent resilience on the surface, the story behind the data is not optimistic. The 12-hour closing position is firmly below 921, and trading volume during rebounds has significantly decreased—this is a typical bearish decline. Once market sentiment shifts to panic, BNB's decline could be quite fierce.

In the long term (12-hour level), the small bearish pattern has been confirmed. 921.01 has become the dividing line between bulls and bears, with almost no chance of breaking above 1051, while below lies a vacuum zone between 745 and 614.87.

From a trading strategy perspective, high-altitude short positions are currently the main approach:

Rebound short orders can be placed in the 921-1051 range (it is recommended to allocate 70% of funds and wait patiently). If the price breaks below 745.09, add to the position (remaining 30% of funds). Take profit targets are set at 745 and 614.87, with a stop loss at 928.24.

In the medium term (4-hour level), the market remains under bearish control, with 857.48 acting as resistance, and the moving average system is generally aligned downward. The market's adjustment needs are imminent, and it is not advisable to rush into long positions at this stage.