🚨 BNB/BTC is approaching a critical turning point, and the market is about to choose a direction
Currently, the BNB/BTC price is oscillating upwards along the daily rising trend line, while facing the previous structurally dense resistance zone (0.0074-0.0076 BTC).
🧱 The upper resistance has been tested multiple times, and the current price structure has the potential for a breakout. At the same time, the Wavetrend indicator has golden crossed again, which is beneficial for the continuation of bullish momentum.
📊 Key structural points:
The rising trend line is effectively supportive, and the trend is healthy.
Currently at a supply-demand turning point; if there is a breakout with volume, the first target is looking towards 0.0080 BTC.
If it breaks below the trend line, we need to be cautious of a pullback to the support near 0.0070.
💡 My view:
With the recent hot meme market on BSC continuing, the short-term trend is still in place, and the direction is approaching. The next step depends on the volume and market sentiment. If the BSC ecosystem and BNB's new listings do not continue to be hot, combined with recent economic and policy influencing factors, it may represent a small high point in the medium to long term.
📈 What do you think? Are you bullish on BNB/BTC or waiting for a correction? See you in the comments below 👇
