"There is nothing new in the crypto world, only the cycles of greed and fear. Understand this, and you can avoid ten years of detours."
Hello everyone, I am KK, the god of coins. Today, let's talk about the recently strong-performing Binance Coin (BNB). From this 4-hour candlestick chart, it can be seen that BNB is currently experiencing a clear technical pullback, but this does not mean that the bull market is over; on the contrary, it may be a power accumulation phase before a new round of explosion.
From a technical standpoint, BNB is currently fluctuating around 674, still in the consolidation phase after a recent high. Notably, the MA7 and MA30 moving averages are still in a bullish arrangement, which is a typical strong characteristic. Although the price has pulled back, it is still in an upward channel, and the MACD histogram is gradually narrowing, indicating that momentum is accumulating rather than dissipating.
Recently, Binance announced the launch of a new generation decentralized exchange, which undoubtedly injects strong fundamental support for BNB. Looking back at 2023, when the Solana ecosystem exploded, FTT rose from $1 to $150 in just three months, and now the market environment for BNB is even more favorable than back then, with a gradually improving global regulatory framework and traditional financial institutions accelerating their entry. These are solid foundations for BNB's long-term bullish trend.
From the perspective of trading psychology, the current fluctuations are the best time for 'washing out' positions. Friends who bought in at around 580 are gradually spreading panic emotions after this round of adjustments, and this is exactly the situation that the main funds want to see. Remember, the true bottom often appears when most people are in despair.
In my personal operations, I recommend adopting a 'staggered position building' strategy. Currently, set the 668-670 range as the first entry point. If it effectively breaks through 680 and stabilizes, you can increase your position to 30%. For short-term traders, pay attention to rebound opportunities when the RSI indicator is below 40, targeting the 685-690 area.
Dear coin friends, do you think BNB can end its adjustment this week and break upward again? Feel free to share your thoughts in the comments section. If you have any questions about BNB's trend, follow me, and let's explore the secrets of the crypto world together!
Remember, in this market, longevity is the hard truth. Don't be misled by temporary fluctuations, stay patient, and wait for your opportunity. A bull market doesn't call a top, but every major pullback is a good opportunity for us to add positions. As the leader of public chains, the potential of BNB is far from being fully released; let's wait and see!
Blindly going solo will never bring opportunities. Follow my profile for insights into tenfold potential coins! Top-tier resources!
$BNB
