7.17 Jinglu BNB evening quick review

Based on the chart’s channel and volume/energy indicators, this round of BNB’s rebound is only a temporary rebound after a sharp selloff. Once the price touched the Bollinger midline near 565, it met clear selling pressure and failed to sustain any further upward push. The upper channel’s upper band is heavily suppressing; each minor rebound is accompanied by a surge of sell pressure, and the bulls’ counteroffensive momentum has already completely exhausted.

The overall large-scale downward trend has not changed. The room for short-term repair has already been fully used up. The KDJ indicator has entered the high-level turning and downward range, while MACD’s bullish volume continues to shrink, and multiple indicators align to show weak signals. In the evening, the market is inevitably set to weaken again and move downward, with the bearish tempo likely to re-dominate the trend.

Trading advice
Short 563-565
Target range 555-550$ABNB #USDT充值理财双重奏 #ETH站稳1900美元