1. Core bull-bear game focus
BNB tested the first support level multiple times last night and ultimately lost it, highlighting the bears' dominance in the short-term rhythm. Currently, 655.4 USD has become the key level to reverse the situation: if the 4-hour candlestick can effectively close above this price, it means the bulls are regrouping momentum and are likely to trigger a strong rebound; conversely, if it continues to face pressure below 655.4, it indicates weakness in the upward movement, and the market will likely continue its downward trend.
2. Key price level distribution analysis
Upward pressure level ladder
If the price successfully breaks above 655.4, it will face a triple resistance test above:
1. First resistance: Around 664.5, where short-term selling pressure is likely to arise, creating intense bull-bear competition;
2. Mid-term resistance: 671.8 level, expected to constitute strong resistance against price upward movement;
3. Breakthrough key: 681.5 level, once effectively broken, it may open a new round of upward space.
Downward support level defense line
If the 4-hour close fails to stay above 655.4, the bears will continue to apply pressure:
- Primary support: 641, this level is an important defense line for the short-term trend. If it holds, it can trigger a technical rebound; if it breaks, it accelerates downward.
- Secondary support: Pay attention to 631.3 and 622.7 in sequence; bears may gradually target these levels.
3. Practical trading strategy plan
(1) Bull trading strategy
- Entry timing: After the 4-hour candlestick closes above 655.4, lightly position long; if the price stabilizes after pulling back to the 655.4-657 range, you can add to the position.
- Stop-loss setting: Set below 653.5 to guard against false breakout risks.
- Take-profit plan: Use a ladder-style take-profit strategy, with target levels of 664.5, 671.8, and 681.5, flexibly choosing exit timing based on market strength.
(2) Bear trading strategy
- Entry timing: After confirming the 4-hour candlestick closes below 655.4, you can open a short position; if it rebounds to the 654-655.4 range and meets resistance, you can add to the short position.
- Stop-loss setting: Set above 657 to avoid the risk of market reversal.
- Take-profit target: First look at the support level of 641. If it breaks down effectively, further look down at 631.3 and 622.7.
4. Summary
The core variable of BNB's short-term trend lies in the battle for 655.4. The breakthrough or loss of this level will directly determine the market direction. Bulls need to pay attention to the effectiveness of breaking resistance levels, while bears should closely monitor the strength of support level defenses. Given the volatility in the crypto market, it is recommended that everyone strictly follows stop-loss strategies, reasonably controls positions, and avoids blindly chasing prices. At the same time, closely monitor market fund flows and industry dynamics, and flexibly adjust trading strategies based on technical analysis to participate rationally in market trading.$BNB #BNB走势