Family, today let's talk about the market trend of BNB on the afternoon of September 10. Currently, BNB is at a critical breakthrough point, clearly leaning towards bullish sentiment from both a technical and market emotional perspective.
First, looking at the trend and support, BNB is firmly standing above all major moving averages, with the 200-day SMA at 680.92 and the 50-day SMA at 826.66. This short-term support is quite strong. Now, looking at the 4-hour chart, a bullish trend line has formed, with a support level at $878. As long as this position can be maintained, BNB has a good chance to challenge new highs. Moreover, the RSI is currently at 59.59, in a neutral range, indicating no overbought status, and there is still significant upward potential.
Next, let's talk about key resistance and targets. Once BNB breaks through $880, the next resistance level will be at $895, where a large number of short positions are gathered. If it can successfully break through, it would be remarkable, as shorts would be forced to liquidate, and the upward momentum of BNB would accelerate further.
From the momentum signals, although the MACD has slightly slowed down at the hourly level, it remains in the bullish zone at the daily level. Additionally, BNB's lows are gradually rising, indicating a complete bullish structure.
So, in summary, Brother Yang gives everyone a trading suggestion to go long around 880.10 - 877.50, targeting first 888.50. If the market is strong, aiming for 895 is also entirely possible. However, in investing, there are definitely risks, so everyone must manage their positions well and operate cautiously! #BNB