Looking at BNB's big bullish candle, the subsequent market is estimated to rise another 40 points or so. The pattern performance is very similar to the previous AT trend——as long as the pullback to the moving average does not break the level, it will continue to push higher with large bullish candles, and ultimately, a super large bullish candle is needed to truly end this wave.

Friends who are shorting, don't rush to position yet. Wait and see how the development unfolds. The key point is that the overhead trapped positions are still quite heavy, and many altcoins are still hovering at low levels, so be alert to the possible intraday pullback risk.

From a larger cycle perspective, this wave can only be considered a rebound, not a true upward trend. I have already mentioned the opportunity to go long in my previous posts; friends who didn't follow can review the earlier analysis. If you haven't entered yet, consider waiting for the 4-hour support level to be confirmed before entering.

The key resistance level above is around 980, where a considerable amount of trapped positions are accumulated, so watch out for the difficulty in breaking through.