BNB Evening Analysis (10.18)
Current Market: BNB is currently fluctuating around $1,180, testing the resistance at $1,200 multiple times during the day without success, with key support below at $1,100 (double top neckline). If this level is lost, it could drop deeply to $835.
4-hour chart: The price is constrained by the Bollinger Band midline at $1,200, with moving averages in a bearish arrangement. A short-term breakthrough of this resistance is needed to open up upward space.
The KDJ 4-hour level J value is at a low position, but no golden cross has formed, indicating insufficient rebound