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Bitcoin encounters resistance, BNB is under pressure and falling: the key support is at $1,026!

C.Z 2025-10-29 19:36 73895人围观 BNB

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If you don’t know what to do in the bull market, you are welcome to scan the code to join the group for free. The spot code and layout strategy of the bull market can be shared for free. Welcome to private message me to join us Penguin number can be added: 3838974575






Recently, the cryptocurrency market has entered an adjustment phase again. Bitcoin (BTC) encountered resistance at the key resistance level of $116,000, and short-term currency holders chose to take profits at high levels, driving the entire altcoin sector to generally fall by about 2.5% in the past ten hours.

In this wave of decline, Binance Coin (BNB) was also under pressure, falling by 3.84%. Despite this, its price still holds firmly at the $1,000 mark. Whether this support level can continue to be held has become the focus of market attention.


 BNB remains above support, but pressure is evident


Judging from the daily chart structure, the overall trend of BNB is still within the mid-term upward trend, but the price performance in the past ten days has been relatively weak.
Especially since it failed to hold the low of US$1,100 on October 17, market sentiment has become obviously cautious.

Technically, the Fibonacci 78.6% retracement level (approximately $1,026) has become the current key defensive point.
Support at this level remains in effect, but a close below this range would be an early signal that bulls have lost momentum, potentially triggering a deeper correction.


Long-short game: market sentiment is bearish but tends to be balanced


According to the latest BNB long/short ratio data (buy/sell ratio), the indicator recorded 0.87 on Tuesday.
This means that sellers have a slight advantage and the market is dominated by mild bearishness in the short term.



The change in this ratio is highly correlated with the trend of Bitcoin - when BTC encountered resistance at $1,140, ​​selling increased significantly, which also suppressed BNB's upside space to a certain extent.
However, the ratio has tended to balance in recent hours, indicating that short-term selling pressure has eased, and the next trend will still depend on whether Bitcoin can return to strong territory.

Technical structure outlook: key points become trend boundaries


Overall, BNB is currently in a stage of "support but lack of momentum"**.
Buying power is not yet enough to drive a strong rebound, but the market still has some resilience to hold key support:

  • Short-term support: $1,000 (psychological threshold)

  • Strong support level: $922 (if it falls below, it will turn into a short trend confirmation)

  • Upper resistance zone: $1150-$1190 (a breakout will open a new upward channel)

If Bitcoin can stabilize above $115,000 and restart its rebound, BNB is expected to break through this range simultaneously. On the other hand, if BTC drops again, the risk of BNB falling below $1,026 will increase significantly.

If you don’t know what to do in the bull market, you are welcome to scan the code to join the group for free. The spot code and layout strategy of the bull market can be shared for free. Welcome to private message me to join us Penguin number can be added: 3838974575
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