Friends, I am Brother Yang! Today I'm here to analyze the short-term market of BNB for everyone. Recently, the trend of BNB has attracted a lot of attention, so let's discuss it together.
First, let's look at the key support level. Currently, BNB is around 700, which is a super important psychological and technical support level. If the price can hold here, a rebound is possible! Moreover, the 50-day and 200-day exponential moving averages are about to form a golden cross, which could be a big boost for BNB's rebound.
From the perspective of market sentiment, 66% of traders in the derivatives market hold long positions in BNB, with a long-short ratio of 1.97. It's clear that the overall market sentiment leans towards bullish. This indicates that everyone is quite confident in BNB's short-term trend.
In terms of technical indicators, the position at 764 is crucial. If the hourly level rebound can stay above this position, it may continue to rise to 769.9. Additionally, there is an important support level at 760 on the 4-hour chart, which also needs to be closely monitored.
Overall, BNB is leaning towards a volatile upward trend in the short term. Brother Yang gives everyone an operation guide: consider entering around 752 - 757 during a pullback, aiming first for 764. If the breakout is good, it could even reach around 770.
However, the market is unpredictable, and the cryptocurrency space is particularly volatile, so there are definitely risks involved. Everyone should operate cautiously, manage risks well, and avoid blindly following trends. #BNB走势