#美联储降息 BNB's recent market action is quite interesting—price has been oscillating around $900, and whether it breaks above $903 has become the key. The technical outlook looks good, with a double bottom pattern plus a falling wedge breakout, all signs of optimism. On the upside, there might be resistance between $913 and $950; breaking through could lead to further gains, while failing to do so might result in a retest of support around $870 to $892.

But there's a bit of a downside right now: on-chain activity isn't very strong, and the ongoing litigation impact is still present, along with high-leverage positions facing liquidation risk. These factors could limit the rebound strength in the short term. However, from a macro perspective, the liquidity released by the Federal Reserve's rate cuts is still there, and the overall market isn't as tense.

The BNB ecosystem itself remains solid, and institutions are paying attention, but honestly, a complete trend reversal might have to wait until it breaks the $1000 threshold. Currently, it's just bouncing within a range; whoever loses patience first will be at a disadvantage. The performance of tokens like $SHIB $PEPE also influences the overall market sentiment.