The BNB Bollinger channel is opening upward; the middle band continues to move up and provides support. The overall bullish trend is clear. Currently, this is only a brief consolidation after the rally, with no signs of a turn into weakness.

Short-term outlook:

Pull back to the area around the Bollinger middle band at 576.5 and stabilize before entering a long position. On the upside, first watch the prior high at 584.6; after a breakout, look toward the Bollinger upper band at 587.

If the rebound reaches the Bollinger upper band around 587 but struggles to continue rising, and the K-line prints a long upper wick and a lagging surge pattern, then test a short position with a small position size. Downside targets are 581 and the 576.5 support. #BNB