1. Key points of the market: Linked high meets resistance, 601.4 becomes the watershed for long and short.
After a short-term rise with Bitcoin, Ethereum, and other mainstream coins, BNB touches the second pressure level near 610 and falls back, indicating concentrated selling pressure above. Currently, need to focus on the breaking situation of the 601.4 support level:
- Maintain this position: Bullish trend continues, relying on market linkage may challenge pressure levels again;
- Effective breakout: A one-hour level pullback begins, need to guard against linked downside risks.
2. Detailed analysis of long and short trends.
1. Bullish trend continuation signal (bullish)
- Confirmation conditions: Pull back without breaking 601.4, and the market (Bitcoin) stabilizes above 96160, BNB rebounds breaking through 605.5 short-term pressure level.
- Logic: 601.4 is the recent low point of the rising wave pullback, simultaneously corresponding to the one-hour level 200 moving average support. If it holds, it indicates strong willingness of main funds to protect the market, and pullbacks would be an opportunity for low absorption.
- Upward target:
- First pressure level: 610 (today's high and low point, dense transaction area);
- Second pressure level: 614 (mid-term trend resistance level, expected to reach 620+ after breaking).
2. Short-term pullback risk signals (bearish)
- Confirmation conditions: Break below 601.4 (two consecutive K lines on the one-hour line closing below), and the market (Bitcoin) breaks below 96155, BNB's rebound is blocked at 601.4.
- Logic: After breaking, short-term technical indicators turn bearish (like MACD death cross), market sentiment shifts from 'following the rise' to 'taking profits', combined with market linkage effects, may trigger sell-off.
- Downward target:
- First support: 597.4 (recent oscillation range lower edge, double bottom structure neckline);
- Second support: 592.8 (Fibonacci 23.6% retracement level);
- Third support: 588 (previous low point, look at 580 after breaking).
3. Operational strategies and risk control suggestions.
Bullish strategy (linked following rise):
- Entry: BNB stabilizes above 601.4, Bitcoin stabilizes above 96160, and when breaking through 605.5, intervene with light long positions;
- Target: 610-614;
- Risk Control: Stop loss set at 600 (confirming drop after breaking below 601.4), position ≤ 5%. If the market weakens, need to take profits simultaneously.
Bearish strategy (linked stop loss):
- Entry: BNB breaks below 601.4, Bitcoin breaks below 96155, when rebounding does not exceed 601.4, try shorting with light position;
- Target: 597.4-588;
- Risk Control: Stop loss set at 603 (pressure level after breaking), position ≤ 3%. If the market stabilizes, must exit immediately.
Risk reminder:
1. Sector rotation risk: As a platform coin, BNB's trend may be affected by Binance ecosystem news (such as IEO, destruction plans), need to pay attention to official dynamics;
2. Volume verification: Breaking through 610 requires a trading volume increase of more than 15% compared to the previous day, otherwise it may be a false breakout; breaking below 601.4 without volume may be a trap (need to be combined with Bitcoin judgment);
3. Position management: The stop loss for a single trade should not exceed 2% of total funds, avoid heavy positions near support/resistance levels, and guard against spike movements.
4. Summary: Relying on market linkage, closely monitor the key level of 601.4.
BNB's short-term trend is highly linked with the market, the 601.4 level and Bitcoin's 96160 form a linked risk control combination:
- Double support is effective: Mainstream coin sector maintains strength, BNB is expected to continue rebounding;
- Dual breakout appears: Need to be cautious of linked pullbacks, lower space may extend to 588 or even lower.
Operational suggestion: Wait for clear trend signals (like BNB's bullish candlestick stabilizing above 605.5 or bearish candlestick breaking below 597.4) before entering, avoid frequent operations near the watershed. Always base trading on 'market trend as the premise, technical breakout as the signal', control risk to respond to market volatility.$BNB #BNB走势