Based on the existing information, the resistance and support levels for BNB/USDT are as follows:
• Resistance levels: around $670 (if broken, a bullish trend may form), $740 (a key resistance level previously tested but not broken), $662 (if the weekly close is above, it may aid in a rebound), etc. Different time frames and analytical logic may result in varying resistance levels.
• Support levels: the $625 area (where buyers are gathering, providing support against decline), $590 (if held, a rebound is possible; if broken, it may drop lower), $560 (if $590 is lost, support may be found here), etc., and these will also change with market conditions.
The cryptocurrency market is highly volatile with complex influencing factors; resistance and support levels are not fixed and should be assessed in conjunction with real-time market conditions and news developments. Investment should be approached with caution.
5.08 Bitcoin begins the attack on historical highs, and Ethereum's catch-up may accelerate.
5.08 Strategy Analysis
Bitcoin experienced a slight pullback yesterday, consistent with the live expectations, showing a sharp drop. This rapid decline is meant to scare off long positions; after washing out, it maintains the original trend and begins to attack. Today's rally is selected for the morning, partly due to the news being settled. Regardless of whether interest rates are raised or not, this news has ultimately settled. Funds can now be unleashed! Currently, the expectation is to break through Bitcoin's historical high, with the upward path being tortuous, characterized by a stepwise increase. Just time the adjustments and enter at low points. The acceleration of the upward attack has begun, preparing to challenge the second strong resistance area at 101218. The operational strategy is to focus on buying the dips, with short positions as auxiliary for quick in-and-out trades.