叶晨-叶啸晨光
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Brothers, recently the market for BNB has been a bit of 'frozen fire', let's chat about how to seize the opportunity!
Currently, the price is fluctuating around $750, having slightly dropped nearly 3% in the past 24 hours due to market risk-averse sentiment. There has been a bit of liquidation on long positions across the board, and the short-term bulls and bears are vying for key positions. Resistance can be noted at $861 (historical high) and $900, while support looks at $750 (short-term defense line), and downwards, the strong support zone is between $675-$682, with $600 being a crucial bull-bear dividing line.
The good news is that institutions are quite optimistic — Nasdaq's Nano Labs and WindTree Therapeutics have allocated several hundred million dollars in BNB as reserves, providing support for long-term demand; furthermore, the BNB chain is very active, with daily transactions of 72 million, which is 3.2 times that of Ethereum. Applications in the ecosystem, such as PancakeSwap, are also performing well, which are all positive signals.
On the technical side, the daily MACD gives a little hint of short-term adjustment, and the 4-hour RSI is approaching the overbought zone, so we need to pay attention to profit-taking fluctuations; however, the Bollinger Bands have narrowed, which may be brewing a big move, and a breakout above $768 could lead to a trending market.
In terms of operations, it might be worth looking for opportunities to go long around $756.12-$758.68, with the first target at $767.65, and if that breaks, we'll look at $776.85. Of course, a stop-loss must be well managed, prioritizing stability as we slowly grasp the rhythm~#bnb
Currently, the price is fluctuating around $750, having slightly dropped nearly 3% in the past 24 hours due to market risk-averse sentiment. There has been a bit of liquidation on long positions across the board, and the short-term bulls and bears are vying for key positions. Resistance can be noted at $861 (historical high) and $900, while support looks at $750 (short-term defense line), and downwards, the strong support zone is between $675-$682, with $600 being a crucial bull-bear dividing line.
The good news is that institutions are quite optimistic — Nasdaq's Nano Labs and WindTree Therapeutics have allocated several hundred million dollars in BNB as reserves, providing support for long-term demand; furthermore, the BNB chain is very active, with daily transactions of 72 million, which is 3.2 times that of Ethereum. Applications in the ecosystem, such as PancakeSwap, are also performing well, which are all positive signals.
On the technical side, the daily MACD gives a little hint of short-term adjustment, and the 4-hour RSI is approaching the overbought zone, so we need to pay attention to profit-taking fluctuations; however, the Bollinger Bands have narrowed, which may be brewing a big move, and a breakout above $768 could lead to a trending market.
In terms of operations, it might be worth looking for opportunities to go long around $756.12-$758.68, with the first target at $767.65, and if that breaks, we'll look at $776.85. Of course, a stop-loss must be well managed, prioritizing stability as we slowly grasp the rhythm~#bnb
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