BNB Market Analysis: Last night, the price surged to the second resistance level and then showed a consolidation pattern at the top within a smaller time frame. The 669 level has become the key watershed for today's price movement:
- Bullish Dominance: If the hourly closing price remains above 669, it indicates that all levels are under bullish control, and subsequent upward momentum is expected to continue. The important resistance levels above are 676, 681, and 687 in order; once broken through, it may open new upward space.
- Bearish Pullback Risk: If the price breaks below the 669 support level, a pullback trend will be confirmed in the smaller time frame, with support lines at 665, 661, and 656 below. If these support levels are consecutively broken, caution should be taken for a larger market correction.
Summary: 669 is the core level determining BNB's short-term trend today. If it holds, the bulls will take the lead, and the probability of continuing the upward trend is high; if it fails to hold, the market may shift towards a corrective fluctuation. It is recommended to closely monitor the changes in the hourly candlestick chart, combined with key support and resistance levels, to reasonably plan trading strategies in response to market volatility.$BNB #BNB走势