$BB BB daily market analysis:
Currently, the 1-hour chart clearly shows the advantage of the bulls, while the 2- to 4-hour charts confirm the dominance of the bears. In view of this, it is recommended to postpone long operations and maintain a cautious attitude.
Whether the rebound can reappear depends on whether the price can firmly stand on the key support level of 0.4209. Please closely track the changes in this price.
For the current 4-hour level of callback, its potential target range is concentrated in the key points of 0.3916, 0.3704 to 0.3550. If the callback does not touch or fall below any of the above prices, it may indicate a bullish entry opportunity, and the potential target price can be set at around 0.4617, 0.4706 and 0.4870.
Short-term traders are advised to implement an instant spot-watching strategy and avoid preset pending orders to reduce risks. As for the long-term spot strategy, maintain the established policy: buy in moderation for a small decline, and increase buying power for a large decline.
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