Morning of 12.4

From the current 1-hour candlestick chart and indicators, BNB's short-term movement shows a "short-term correction" pattern characterized by a spike followed by a pullback. The current 1-hour chart shows a structure of "a long bullish candle surging to the intraday high of 928.88, followed by a bearish pullback." After the previous rapid rise from 874.00, a bearish candle with a long upper shadow appeared at the higher level, indicating "profit-taking after a breakout." Overall, this is a retracement and consolidation pattern within an uptrend, but the bearish candles are not large, so the overall bullish structure of the trend remains intact for now.

After previously breaking above the upper Bollinger Band at 924.41 and then pulling back, the price is now moving in the upper-middle band range. The middle band at 905.87 is a key short-term support. As long as it holds, there is still upside potential after the correction. The KDJ indicator shows all three lines in the overbought zone, suggesting a lack of short-term upward momentum and a need for a pullback or sideways movement. The MACD indicator shows DIF < DEA, and the MACD bars are negative, indicating a "bearish area after a death cross," with short-term bullish momentum weakening.

For the short-term trend, if the intraday consolidation support at 915 holds, the price may fluctuate within the 910-925 range before testing resistance above 930 again.
KDJ overbought + MACD death cross suggests a short-term pullback to around the middle Bollinger Band at 905.9. If that is broken, further support can be found at 890. It is recommended to consider light positions on pullbacks to the 910-900 area, with a target range of 930-945.

The above is just a personal opinion for reference only. Please follow Haoyu Shipan's layout for specifics. $BNB #BNB