1. 4-hour key level: 603.7 defines the short-term balance of power

The 4-hour K-line chart is an important basis for judging BNB's short-term trend. The current price level of 603.7 is at the bullish-bearish dividing line at the 4-hour level, and its subsequent closing situation is crucial.

(1) Defending above 603.7

If the 4-hour K-line closing price remains stable above 603.7, it indicates that the bullish forces currently hold the upper hand. Even if there is a price pullback on a smaller scale, the overall upward trend is likely to continue. Such pullbacks are often normal adjustments by the bulls, aimed at clearing floating positions and digesting profit-taking, thereby accumulating energy for subsequent rises. Once the adjustment ends, the BNB price is expected to launch an attack towards higher price levels, with three key resistance levels to watch above:

- 609.8: As a short-term resistance level, this position has been tested multiple times recently, accumulating a certain amount of selling pressure. If it can be effectively broken, it will open up short-term upside space, attracting more funds to enter;

- 614: Positioned in a significant mid-term resistance range, overlapping with previous areas of high trading volume, creating certain pressure on price increases. If the BNB price successfully breaks through this level, it indicates that the bulls have broken the mid-term resistance, and the market is likely to rise further;

- 620: A key resistance level in the long-term trend. Once broken, it not only signifies that BNB has broken free from long-term resistance but may also trigger market chasing sentiment, pushing prices towards higher targets.

(2) Losing below 603.7

Once the 4-hour closing price falls below 603.7, the bears will quickly take control, and the 4-hour level market will likely enter a correction phase. At this point, market sentiment may turn cautious, leading to capital outflows, and prices will seek support at lower support levels:

- 598: As a support level near the recent low, there have been multiple signs of a bottoming out here previously, possessing a certain amount of buying support. It serves as the first line of defense during the bears' downward probing;

- 592.6: Corresponds to the key moving average support level at the 4-hour level, which holds significant reference value in technical analysis. If this level is lost, it may trigger panic selling, accelerating the price decline;

- 597.2: A strong support area, echoing with previous important bottom patterns. If effectively broken, one should be cautious of a deeper adjustment in BNB prices, further seeking new support.

2. Trend logic and operational strategies

(1) Trend logic

BNB's price trend is influenced by various factors. The expansion of Binance's business, the launch of new features, and the increase in market share will increase the demand for BNB, driving prices up; the overall performance of the cryptocurrency market, such as the trends of mainstream coins like Bitcoin, will also have a correlated effect on BNB; additionally, changes in regulatory policies in various countries and the macroeconomic situation may also lead to fluctuations in market sentiment, thus affecting BNB prices.

(2) Operational suggestions

- Bullish strategy: When BNB stabilizes above 603.7 at the 4-hour level, aggressive investors may try to go long with a small position, targeting 609.8 and 614 in sequence, with a stop loss set around 602; conservative investors may wait for a breakthrough above 609.8 and a pullback confirmation before entering to reduce risk.

- Bearish strategy: If the 4-hour closing price falls below 603.7, one can go short at high points, targeting 598, 592.6 in sequence, with a stop loss set around 604.5; alternatively, one can wait for an effective break below 598 to chase the shorts, seizing profit opportunities during the downward trend.

3. Risk warning

1. Market linkage risk: BNB is closely related to the overall cryptocurrency market. Price fluctuations in mainstream coins like Bitcoin and Ethereum can easily lead to corresponding changes in BNB, so investors need to closely monitor the overall market dynamics.

2. Regulatory risks: Countries around the world have varying attitudes towards cryptocurrency regulation, and tightening or loosening policies could impact BNB prices, so it is essential to stay updated on regulatory policy changes.

3. Position management: The cryptocurrency market is highly volatile. It is recommended that investors strictly control their positions, with a single position not exceeding 10% of total funds, and set reasonable stop-loss and take-profit levels to avoid significant losses due to extreme market conditions.

4. Technical indicators reference: In actual operation, one can combine technical indicators such as MACD, KDJ, and changes in trading volume for comprehensive analysis, avoiding over-reliance on a single indicator and improving the accuracy of trading decisions.

Summary

Today, BNB is engaged in intense bullish-bearish competition around 603.7. The result of the 4-hour closing will be a key signal for judging the short-term trend. Everyone should closely monitor the gains and losses of this core price level, and combine their own risk tolerance and investment goals to properly apply operational strategies and manage risks.$BNB #BNB走势