#BNX BNX: Currently, the bullish sideways trend is present at the 4-hour level, and the point we need to focus on is 1.2925.

As long as the market price remains above this position, we can judge that the next market will be biased towards the bulls.

In this scenario, the target level can be set near the two areas of 1.3756 to 1.4603 as the profit target that the bulls may reach.

However, if the market breaks the bullish and bearish watershed at the 4-hour level, that is, falls below the current bullish support, the market trend may turn bearish.

In this case, the lower target level should be adjusted to the two positions of 1.2034 to 1.1145 as the profit target that the bears may reach.

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