Last night, the BNB market performed strongly, successfully breaking through the first pressure level, and then immediately began a pullback action to test support. It is worth noting that during the pullback process, the price consistently defended the key support white line, indicating that the bulls held the dominant position, and subsequently, the market rose again, continuing the short-term upward trend.
Core support level observation
Currently, the focus is on the key price level of 653. If the closing price of the 4-hour candlestick can remain steady above this point, even if a short-term correction occurs, bulls are still expected to push the price to continue its upward trend; the stability of this support level will become an important basis for judging the continuation of the short-term trend.
Key level distribution
Upward pressure levels:
- First resistance: 661.6. There are previous trapped positions here, which can easily trigger selling pressure, constituting the primary obstacle to short-term upward movement.
- Medium-term pressure: 671.8. An important technical pressure level that requires strong buying power to achieve an effective breakthrough.
- Key point: 681.5. If the BNB price can successfully stabilize at this point, it may open up a new round of upward space, leading the price to a higher range.
Downward support levels:
Once the 4-hour level effectively breaks below 653, this round of short-term upward trend may end, and the price will enter a correction phase. The support levels to pay attention to below are:
- Primary defense line: 644.4. Holding this level can temporarily halt the downtrend.
- Secondary support: 637.8. As an important psychological level, it is a potential buffer point during the bears' downward process.
- Strong support level: 631.3. If the previous support levels are lost, this point may become the key battleground for both bulls and bears.
Summary
The core of BNB's short-term trend hinges on the 653 level. If the price can firmly hold this support level, bulls are likely to challenge the resistance in the 661.6 - 681.5 range; if it breaks down, one needs to be cautious of the risk of breaking the 644.4 - 631.3 support area. Given the severe volatility in the crypto market and the influence of multiple factors including macroeconomic and industry policies, it is advisable to closely monitor the changes in candlestick patterns, strictly set stop-loss and take-profit levels, reasonably control positions, and flexibly adjust trading strategies by combining technical and fundamental information for rational market participation.$BNB #BNB走势 
