BNB Morning Strategy

The BNB price has shown a significant decline from its peak, presenting a sharp downward trend, with bearish forces dominating in the short term. Recently, the price has accelerated its drop, and there seems to be a temporary stabilization around 838, but the overall market atmosphere remains bearish.

However, with the substantial decline, the price has entered an oversold range, presenting the possibility of a technical rebound. Based on this, we can formulate a bullish strategy, attempting to capture the gains from the rebound while strictly controlling risk.

Intraday operation: Consider positioning long orders between 835-840, with targets looking at 850 and 860.