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$BNB Tonight continues to look bearish
BNBUSDT short-term breaks below the middle band of the Bollinger Bands, latest price 619.64, 24h decline -2.14%, trading volume continues to shrink, rebound strength is weak. From the 5-minute chart, the price repeatedly tests near the lower band of the Bollinger Bands, with clear resistance at the upper band, and the bulls have not been able to effectively reclaim key levels.
In the short term, there is heavy resistance around 624 above. If it cannot stabilize at the middle band, it is highly likely to test the previous low of 615.51 or even lower. Market sentiment is bearish, combined with the overall weak market, continue to look bearish tonight. In terms of operations, one can rely on the middle band to take light short positions, with stop-loss placed above the upper band, and the target first looking near 615.
#BNB #cryptocurrency #market analysis
BNBUSDT short-term breaks below the middle band of the Bollinger Bands, latest price 619.64, 24h decline -2.14%, trading volume continues to shrink, rebound strength is weak. From the 5-minute chart, the price repeatedly tests near the lower band of the Bollinger Bands, with clear resistance at the upper band, and the bulls have not been able to effectively reclaim key levels.
In the short term, there is heavy resistance around 624 above. If it cannot stabilize at the middle band, it is highly likely to test the previous low of 615.51 or even lower. Market sentiment is bearish, combined with the overall weak market, continue to look bearish tonight. In terms of operations, one can rely on the middle band to take light short positions, with stop-loss placed above the upper band, and the target first looking near 615.
#BNB #cryptocurrency #market analysis