Ladies and gentlemen, tonight's market action is indeed worth watching. BNB is repeatedly testing around 850, with both bulls and bears holding their breath, waiting for the non-farm payroll report as the trigger. I have been monitoring the market all day and will share my core judgment and trading ideas directly.

**Technical Analysis**

On the 4-hour chart, 856 is a key fortress. If it holds steady, sentiment will turn bullish, targeting the 864 to 872 range; if it breaks through, the first support levels are at 847-838, and if it goes deeper, it may test 828.

The recent rebound in the early morning had average volume. Although the MACD showed a golden cross signal, it is still oscillating below the zero line, indicating that the momentum is not strong enough. Relying solely on technical breakout of resistance levels is unlikely to succeed; a catalyst from the news side is necessary.

**Battle Between Volume and Sentiment**

Last night, after the non-farm payroll data was released, BNB followed the trend with a quick spike, then pulled back into consolidation — this indicates that funds are currently on the sidelines observing. The current market is like a tightly wound spring; the smaller the volatility, the more powerful the rebound could be later. If tonight’s data, combined with volume, breaks through 856, there’s a high probability of a short-term surge; conversely, if volume fails to keep pace, a false breakout could occur.

**Non-Farm Payroll Data — The True Trigger**

Why is tonight’s data so critical? It directly influences expectations for the Federal Reserve’s interest rate cut pace.

If the data is weak (such as a surge in unemployment rate or below-expected job additions), the market will react by anticipating a faster rate cut by the Fed, the dollar will weaken, and funds may flow into risk assets...