$BNB
🟡BNB has been quite resilient recently, and the key support level is right in front of us! Let's take a look at how to navigate this wave of market👇
🐂 Bulls are strongly defending their position!
On June 1, BNB strongly broke above the 20-day moving average (661 USD),
On June 3, although the bears tried to push down, the bulls firmly held their ground.
This indicates that the bullish sentiment in the market is still present!
🎯 The target is aimed directly at 693 USD
In the short term, BNB is expected to rebound and challenge 693 USD,
This is an important resistance line,
Once broken, brothers pay attention,
It is expected to initiate a rapid surge to 732 USD, or even push towards 761 USD!
🐻 Bears are not sitting idle
But if 693 USD holds down the market again,
And the price falls below the 20-day moving average,
Then BNB is likely to get stuck in a sideways range,
Expected to consolidate between 633~693 USD for a period of time.
🔍 Strategy suggestion:
📈 Break above 693 USD → Boldly chase long, aiming for 732 or 761
📉 Fall back below 661 USD → Be cautious of sideways movement, temporarily observe
🚨 Operational suggestion: Pay attention to the 'critical point' at 693, success or failure hinges on this!