8.17 BNB Market Analysis

Although a bullish engulfing pattern has appeared in the technical analysis, suggesting a potential short-term rebound momentum, the trading volume has drastically shrunk, and the moving average system is tangled, indicating a lack of sustainability in the upward trend. Meanwhile, the price comparison is approaching a strong resistance level; if it cannot effectively break through, it will further consolidate the oscillation pattern. Currently, the market signals are mixed, casting doubt on the sustainability of the rebound. It is essential to closely monitor the breakthrough of resistance levels and the accompanying trading volume.

Operational Suggestions:

Consolidate in the range of 848-853, with a target looking down towards the vicinity of 831-836 near $BTC $ETH #美联储取消创新活动监管计划 #美国7月PPI年率高于预期 #中国投资者涌向印尼 #币安钱包TGE #加密市场回调