Conditions for the continuation of the bullish trend
- Support level: 624 is the dividing line for long and short positions at the 1-hour level. If this level holds, the bullish trend will continue, and the upward structure will remain intact.
- Target level:
1. Previous high pressure level at 629.8 (breaking through opens up upward space);
2. Secondary pressure zone 636.6-644.6-651 (breakthrough requires corresponding volume).
Correction risk and support
- Breakdown signal: If the 1-hour closing price falls below 624 and the rebound lacks strength, the short-term will turn to a correction; be wary of long liquidation pressure.
- Support level:
1. First support at 619.7 (recent transaction concentration area);
2. Second support at 614.7 (50-hour moving average support);
3. Strong support at 609.3 (key support level at the daily level).
Summary
The current trend of BNB focuses on the key level of 624, and the battle between long and short positions will determine the short-term direction. The current market is supported by the popularity of platform ecology and capital inflow, but attention should be paid to whether the RSI indicator enters the overbought zone (near 70). It is recommended to take 624 as the signal: if it holds, consider trying longs on dips, targeting the previous highs and secondary pressure zones; if it breaks below, observe or take light defensive positions, with a gradual layout at lower support levels. Be mindful of position control, strictly set stop losses, avoid chasing highs and cutting losses, while paying attention to mainstream currency correlations and Binance platform dynamics.$BNB #BNB走势