Current price level and trend: The current price is around 677.31. The price has broken through several moving averages and shows some upward trend.

Momentum. Current market sentiment is optimistic, and it may continue to fluctuate upwards in the short term.

Support and resistance levels:

  • First support level: 650.00 (confirmed by the lower BOLL band and EMA support)

  • Second support level: 620.00 (a relatively solid support range with strong support strength)

  • First resistance level: 730.00 (recent high, the market may encounter significant selling pressure)

  • Second resistance level: 740.00 (psychological resistance level, further upward test)

Technical indicator analysis:

  • Bollinger Bands: The current price is close to the upper Bollinger band, presenting some retracement risk. If it breaks through 730.00, there may be accelerated upward momentum.

  • MA and EMA: Short-term moving averages (such as the 5-day moving average) still support price increases, while the 30-day moving average indicates some retracement pressure on the price.

Operational suggestion:

  • If the price retraces to around the support level of 650.00, consider going long.
    Zhi Ying level 700

  • Stop loss position: It is recommended to set the stop loss at 620.00.

The current trend of BNB shows strong upward momentum, but it is also necessary to be wary of the retracement risk at the upper Bollinger band. It is recommended to respond flexibly, adjust strategies based on price fluctuations, and set reasonable support levels, resistance levels, and stop-loss points. The expected price range today is between 650.00-740.00, maintain a flexible trading mindset, and pay attention to changes in market sentiment.
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