BNB point analysis and long-short direction prediction

Market overview

Current price: $717.42, down -0.14%

• 24-hour high: $730.00

• 24-hour low: $704.16

• Trading volume: 303 million USDT

Technical indicator analysis

1. Moving average system

• MA7 (short-term): $717.98

• MA25 (medium-term): $717.02

• MA99 (long-term): $708.07

Analysis: The short-term and medium-term moving averages are running together, the price is in a narrow range of fluctuations, and the long-term moving average (MA99) provides support below.

2. MACD indicator

• DIF: 1.99

• DEA: 1.72

• MACD bar: 0.27

Analysis: MACD fluctuates narrowly above the zero axis, indicating that the long and short forces tend to be balanced, and the direction may be chosen in the short term.

3. Trading volume

• The trading volume is low, the market is in a wait-and-see mood, and short-term breakthroughs require amplified trading volume.

Key points

• Upper pressure level: $730.00 / $736.62

• Lower support level: $704.16 / $703.58

Short-term contract strategy

Long order strategy:

• Opening point: around $715

• Adding position point: $705

• Stop loss: $700

• Take profit target: $730 / $736

Short order strategy:

• Opening point: around $730

• Adding position point: $736

• Stop loss: $740

• Take profit target: $717 / $705

Prediction of long and short directions

BNB is currently in a narrow range of fluctuations, with a short-term balance of long and short forces, and needs to focus on the breakthrough direction. If the price breaks through **$730**, the bulls will dominate; if it falls below **$704**, the bears will be further released.

Overall trend: short-term fluctuations, focus on the upper breakthrough of **$730** and the lower support of **$704**. It is recommended to respond flexibly and follow the breakthrough direction.

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