Xu Xu Baby's Analysis and Strategy for BNB Market on August 10

The current BNB price is fluctuating around 780, overall in a state of intense tug-of-war between bulls and bears. From a technical perspective and recent trends:

- Support Levels: The first support level is at 760, where there have been multiple pullbacks that found support, forming a relatively obvious bottom pattern, which is an important defense line for the short-term bulls. If the price continues to decline, the second support level is at 740, which is a key integer level and also an important technical support area. Once it falls below this, it may trigger further declines in the short term.

- Resistance Levels: The first resistance level is at 800, which is a resistance level formed by previous highs, and the K-line has encountered significant selling pressure here multiple times. If it breaks above 800, the upper level of 820 is a strong resistance level, which is near historical highs and has strong psychological and technical pressure.

Analysis of Up and Down Trends

Currently, the market is intertwined with both bullish and bearish factors. If the market sentiment remains optimistic and more positive news stimulates the market, BNB is expected to break through the resistance level and rise; on the contrary, if the overall market turns bearish or major negative news appears, it may fall below the support levels.

Strategy Suggestions

- Breaking Below Support Levels: If the price falls below 760, it may continue to seek support at 740 in the short term. It is recommended to reduce positions and observe first to avoid short-term risks. If 740 is also broken, aggressive traders may consider shorting with a light position, targeting 720, and setting a stop-loss at 745 to prevent losses from a rapid rebound in price.

- Breaking Above Resistance Levels: When the price effectively breaks above 800, one can appropriately follow up with long positions, targeting 820, and setting a stop-loss at 795 to control risk. If 820 is also broken, long positions can continue to be held, with further target levels focusing on 850, while gradually moving up the stop-loss to protect profits.

The cryptocurrency market is influenced by various factors, including macroeconomics, policies, market sentiment, etc. The volatility is extremely intense. The above analysis is for reference only. Investment decisions must be made with caution, and risk management should be well implemented. #BNB #BNB走势 #ETH突破4000 #比特币流动性危机 #特朗普允许401(k)投资加密货币