1. Core point analysis: The contention of bulls and bears at 600.5

1. Upper support level (bull-bear dividing line): 600.5

- Technical significance:

- At the 4-hour level, 600.5 is the support of the dense trading area after recent retracement and is also the critical point for short-term trend reversal.

- Stabilization signal: If the price continuously closes above 600.5 (e.g., 4-hour candles consistently show two bullish candles stabilizing), it indicates that bulls begin to dominate the rebound, can be seen as an entry signal.

- Break risk: If four consecutive 4-hour candles are below 600.5, it indicates weakness in rebound, bears may continue to suppress price, need to turn to wait-and-see or wait for lower support.

2. Upper pressure level (rebound target)

- First resistance level: 604.3

- Position characteristics: The high point of the previous retracement, the area where short-term trapped positions are concentrated; breaking through requires volume support (e.g., trading volume increases by 30% compared to the previous day).

- Operation reference: If this level is touched and shows stagnation patterns like 'shooting star', can take short-term profit; can chase after breaking, target 610.

- Second resistance level: 610

- Market psychology: Integer level + lower edge of previous oscillation center, dual resistance overlap; if broken, it may trigger follow-up buying.

- Third resistance level: 614

- Long-term resistance: Upper edge of oscillation from the beginning of the year to now; if broken, it will open mid-to-long term upward space; need to pay attention to BNB ecosystem benefits (such as new chain releases, burn data) driving.

3. Lower support level (retracement target)

- First lower support: 595.3

- Short-term support: After breaking 600.5, this position is the golden ratio 0.382 retracement level; if it quickly drops to stabilize (e.g., long lower shadow), can bet on an oversold rebound.

- Second lower support: 591.3

- Trend key: 4-hour level rising trend line support; if lost, may trigger mid-line retracement; need to be wary of breakout risks.

- Third lower support: 587.2

- Strong support zone: Corresponds to the low point in March + lower track of daily Bollinger Bands; if reached, can be seen as a long-term layout opportunity, need to judge in conjunction with market sentiment.

2. Operation strategy: Responding to different scenarios

Scenario One: Stabilize at 600.5, initiate a rebound

- Entry timing:

- Price re-tests the range of 600.5-601.5 and stabilizes, with MACD golden cross + moderate increase in volume.

- Aggressive strategy: Light long position, stop loss below 600.5 (e.g., 599.8), target 604.3→610.

- Conservative strategy: Wait for breakthrough of 604.3, then re-test to confirm support (603-604) before entering, stop loss at 601, target 614.

- Profit-taking logic:

- Encountering resistance near 604.3: reduce position by 50%, remaining position aims for 610;

- Breakthrough 610: Hold until 614, if stagnates, take all profits.

Scenario Two: If it cannot rise above 600.5, continue retracement

- Watch signal: Price continues to be suppressed below 600.5, and the rebound height does not exceed 603, showing characteristics of 'gradual decline + low volume'.

- Layout timing:

- Test 595.3: Light position to try long, stop loss at 593, target 600.5;

- Break below 595.3 and test 591.3: If a bottom divergence occurs (e.g., new price low but RSI not at new low), enter mid-line long position, stop loss at 589, target 605+.

- Risk control: Each time a support level is broken, do not bottom fish before stabilization to avoid 'catching a falling knife'.

3. Risk warning and capital management

1. Position principle:

- Single trade position ≤ 3% (aggressive strategy), conservative strategy ≤ 2%, avoid excessive exposure risk in a single currency.

2. Stop loss discipline:

- Long position stop loss should be set 3-5 points below the support level (e.g., for a 600.5 long position, stop loss at 599.5), exit decisively if broken.

3. Emotion management:

- Do not chase rapid rises after breaking through (e.g., direct rise from 604.3 to 610), wait for a re-test to confirm;

- Do not panic sell during a sharp drop below support (e.g., instantaneous drop below 595.3), wait for a rebound to reduce position.

Summary: Key focus on the defense of 600.5

Today's core contradiction in BNB's movement lies in whether 600.5 can effectively stabilize:

- Bullish dominance: If stabilized, it opens the rebound path of '600.5→604.3→610→614', can rely on support to buy at low.

- Bearish pressure: If it cannot rise above, it will test 595.3→591.3→587.2, need to patiently wait for stabilization signal.

- Operation mnemonic:

- Stabilize and do not chase high; re-tests are opportunities;

- Do not be careless if breaking, wait for signals to descend.

Market variables: Pay attention to the US stock market opening sentiment at 8 PM tonight, Binance official Twitter dynamics (such as whether to announce new quarterly burn data), which may trigger short-term volatility intensification.$BNB #BNB走势