I. Key Positions and Trend Judgments
1. Short-term Bullish-Bearish Watershed: 598.4 (4-hour level)
- Stability Signal: If the BNB price closes above 598.4 in a 4-hour period, it indicates short-term bullish dominance, and the minor uptrend may continue pushing towards the resistance level.
- Upper Resistance Level:
- First Resistance Level: 601.4 (intraday technical resistance);
- Second Resistance Level: 605.5 (previous high during consolidation);
- Third Resistance Level: 610 (integer level and mid-to-long-term psychological level).
- Breakdown Risk: If the closing price of the 4-hour level falls below 598.4, it indicates insufficient bullish strength, and the market may turn to correction or decline:
- First Support Level: 595.2 (short-term moving average support);
- Target after breakdown: 591.3 (near the lower Bollinger Band), 587.2 (previous low support area).
2. Key Points of Trend Logic
- 598.4 is both the support level for the initiation of a short-term uptrend and a core indicator for judging whether the minor trend continues. A breakout needs to be accompanied by volume, otherwise, a false breakout may occur.
II. Operational Strategy Suggestions
- Bullish Scenario:
- After stabilizing at 598.4, aggressive traders can attempt short-term long positions, with targets sequentially at 601.4 and 605.5, and stop-loss set below 598.4 (e.g., 596).
- Bearish Scenario:
- If it breaks below 598.4 and rebounds weakly, consider taking a light short position, with targets at 595.2 and 591.3, and stop-loss set above 599.
- Conservative Strategy:
- Wait for the 4-hour candlestick to close clearly above or below 598.4 before entering, to avoid volatility risks during sideways movement.
III. Summary
- Core Contradiction: 598.4 is the turning point for the minor bullish and bearish trends; if it holds, the uptrend continues, if it breaks, it may initiate a correction.
- Range Characteristics: The current market is forming a narrow trading range around 598.4, and the breakout direction will determine the short-term trend rhythm.
- Risk Warning: Attention should be paid to the correlation between BNB and the overall market (e.g., BTC, ETH), as well as the impact of platform coin-related news (e.g., burning plans, ecological dynamics) on prices, and strictly control positions during operations.
In summary: BNB needs to observe the breakout situation at 598.4 in the short term; if it holds, one can follow the bullish trend, if it breaks, precaution against correction risk is advised, suggesting to operate mainly after the trend is clear.$BNB #BNB走势