1. Core judgment of short-term trends
Today's turning point for the BNB market focuses on the key price level of 649.7, and the closing performance of the K-line at this price level is an important basis for judging the market's subsequent direction.
Bullish continuation signal
When the 1-hour K-line firmly stays above 649.7, and the subsequent two periods' closing prices remain above this level, it signifies that the bulls firmly control the market, the correction has completely ended, and a new round of upward momentum is about to begin, with prices gradually climbing towards the upper resistance level. At this time, market bullish sentiment may be further stimulated, and trading volume may gradually increase alongside the price rise.
Bearish initiation signal
Conversely, if the BNB price is unable to break through 649.7 at the 1-hour level, it indicates insufficient upward momentum, and bears still hold the market's dominant position. In this case, the trend is likely to continue in a corrective direction, entering a new round of downward testing, and the market may be filled with cautious sentiment, leading investors to gradually reduce their positions.
2. Distribution of key levels and strategy reference
(1) Upward pressure level
1. First resistance level: 654
This position is at the upper edge of the recent price fluctuation range, where a large number of profit-taking positions and previous trapped positions are concentrated. When the BNB price rises to this level, dual selling pressure will directly impede short-term upward movement, becoming the first hurdle that the bulls must overcome to break through. To break this resistance level, strong buying power must be present, and the market must have a positive bullish atmosphere to support it.
2. Mid-term pressure level: 660
This point is located in the overlapping area of key moving average resistance and significant Fibonacci resistance levels, which exerts strong pressure on price upward movement. To effectively break through, not only must there be sufficient buying power to drive it, but it also relies on the overall bullish sentiment in the market. Once this resistance level is broken, it may indicate that the market will enter a new rising phase.
3. Trend breakout level: 667
Once the BNB price successfully stabilizes at this level, it can be confirmed that it has entered a new upward channel, and the subsequent upward space is expected to be greatly opened, indicating that a new round of strong growth momentum is about to begin. This will greatly boost market confidence and attract more funds to enter.
(2) Downward support level
If the 1-hour level fails to stabilize at 649.7, a new round of retracement is expected, with the following support levels in order:
1. Primary support level: 645.3
Formed by the convergence of short-term moving averages, this is also an important psychological defense line tested multiple times in the past, which can buffer the impact of bears' downward pressure to some extent, slowing down the speed of price decline. Even if the price retraces to this level, if it can find support, it may still attempt to break upward again after stabilizing here.
2. Secondary support level: 641.5
As a strong support level formed by previous price lows, if this level is lost, market panic may quickly spread, triggering larger scale selling actions, leading to accelerated price decline and further testing of lower support. Once this support level is broken, investors need to closely monitor changes in market sentiment and adjust investment strategies in a timely manner.
3. Strong support level: 637.8
This level is in the support zone where multiple time frame moving averages converge, being a key strategic position fiercely contested by both bulls and bears, with its gain or loss directly affecting the subsequent medium to long-term trend. Once it falls below, it may trigger a deep correction, altering the overall market pattern. If strong support can be gained here, the market may welcome a new turning point.
3. Summary
The battle between bulls and bears at this critical price level of 649.7 is the core of BNB's intraday movement. If the price can effectively stabilize above this position, the bulls are expected to challenge the resistance in the range of 654 - 667; if it cannot stabilize, caution should be exercised regarding the risk of price retracement to the 645.3 - 637.8 area. It is recommended that everyone closely monitor the changes in the 1-hour K-line patterns, strictly implement stop-loss and take-profit strategies, and reasonably control positions!$BNB #BNB走势 
