From a technical perspective, the BNB hourly chart is approaching the middle band of the Bollinger Bands, rebounding after a previous decline for correction, while the daily chart has not escaped the range of fluctuation. The fundamentals are influenced by macro sentiments and competition, with cautious sentiment prevailing. In the short term, there is a high probability of fluctuation, with the upper band acting as resistance and the lower band and previous low points providing support; a lack of momentum poses a risk of downward movement. In the medium to long term, favorable conditions may continue due to either environmental improvement or a breakthrough; otherwise, it will maintain a range of fluctuations.

Operational Suggestions

For long positions, reduce holdings when encountering resistance at 650.18; for short positions, set a stop loss at 653, with a target of 642 - 639.