Family, Brother Yang is here to talk about the recent market for BNB! Right now, the market is like a roller coaster 🎢 very thrilling. First, let's look at the technical indicators; the RSI is currently hovering around 53, in a neutral zone, like a person standing at a crossroads, yet to decide which way to go. The daily Bollinger Bands are narrowing, with the upper band at $831 and the lower band at $717, and the current price is closely hugging the middle band at $774. This narrowing of the Bollinger Bands suggests that volatility may explode next, like the calm before a storm, waiting to unleash a big move!
Now, let's talk about market sentiment; BNB's market capitalization has reached 25% of Ethereum, with a greed index of 60, indicating that the market is quite optimistic about it. Everyone is rubbing their hands together, ready to make a big move. But let's not get carried away by victory; risk management is still very important, after all, this market can change faster than flipping a book.
Brother Yang has provided some operational advice: if it pulls back to around 794 - 802, then consider going long, with the initial target at 813, and if things are strong, it could even go up to around 820. However, the market is risky, and investments need caution. Everyone must operate reasonably according to their own situation, and don’t blindly follow the trend, or you might accidentally get “cut” by the market! #BNB