BNB Long-Term Trend Analysis
📈 Long-Term Direction Judgment: Tending to rise, but waiting for confirmation of a breakout
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📊 Technical Analysis:
1. From a structural perspective:
The daily chart has formed a stage top at $698, currently in a pullback;
However, the larger scale still maintains a bullish structure of 'higher highs and higher lows', which has not been broken;
The middle Bollinger Band (663) is still effectively supporting, and if it holds, it is considered a 'healthy pullback'.
2. Capital and Market Sentiment:
Although there is a short-term net capital outflow of $8.85 million, such capital outflows during a rising trend are normal;
If it stabilizes above 660 and re-expands, it indicates that capital is undergoing 'distribution after a washout', rather than 'selling off'.
3. News-Driven Judgment:
Jager mentioned that BNB will reshape the Meme game ecosystem on-chain, and if aligned with Binance's official push, it could become a catalyst for the market segment in June.
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🟢 Long-Term Bullish Confirmation Signal:
If the price pulls back to the 630~650 range without breaking, and rises again above 685, it is considered a second start;
Once it effectively breaks through 698, it will open up a medium-term upward space of 730~760;
If MACD forms a golden cross and expands, it will further validate the establishment of an upward trend.
🔴 Long-Term Risk Warning:
If this pullback breaks below the 630 support and continues to close below, the upward trend will be damaged, and it will be necessary to temporarily exit the bullish mindset;
Pay attention to the development of the Binance Chain ecosystem and the progress of BNB token burns as fundamental support.
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Summary:
BNB is currently in a critical pullback stage, and the long-term structure has not been broken. If it can hold above 660 and counterattack with volume, it is expected to challenge 700+ again, with a medium-term direction leaning bullish; patiently wait for confirmation of an upward signal.
