Guys, BNB is currently priced at $810, having slightly dropped 1.56% in the last 24 hours, but has increased by 6.23% over the past 7 days, indicating a generally stable trend. Brother Chen is here to bring you today's latest market analysis and trading guide:

During the day, it has mainly fluctuated between $798 and $815, and is now adjusting around the middle position, with a relatively calm rhythm. In terms of market sentiment, the greed index is at 60, slightly positive, but $449 million worth of liquidations occurred across the network in the last 24 hours, with over 70% in long positions, so friends using leverage should be cautious. Its total market value is $113.14 billion, securely ranking fifth in cryptocurrency, even more impressive than traditional giants like Nike.

On the support side, $805 is a key position on the daily chart; if it holds, it will feel more secure, but if it breaks, there might be a slight pullback; the range of $792 to $798 is where institutions often increase their positions, and on-chain data shows that whales have also been positioning themselves nearby, making it a reliable support area. The technical indicators are still decent, with the daily moving averages in a bullish alignment and the MACD golden cross intact, indicating no impact on medium-term momentum. If the 4-hour chart can firmly stay above $815, the upward momentum might come back.

On the resistance side, $815 to $821 is a previously dense resistance area, and to break through, we need volume support; $828 is a psychological level, and if it holds, we can look towards $850 to $900. However, we must also keep an eye on the RSI, which is at 65, not far from overbought territory, suggesting a potential short-term pullback; moreover, the volume during the rebound hasn't kept up, possibly affecting the strength of the breakout.

In terms of trading, consider trying long positions around $809 to $811, initially targeting $823, and if it reaches that, then look towards $836. Remember to set a stop loss; market fluctuations are inevitable, and it's always better to be cautious~#bnb