$BNB

BNB/USDT Daily Level Analysis and Bullish/Bearish Direction Prediction

Market Analysis

The current price is $643.84, with a daily decline of 1.94%. BNB price has been under pressure below the MA25 moving average ($695.47) for several consecutive days, and there is a high possibility of a pullback to the MA99 moving average ($618.92) in the short term. The MACD indicator shows a clear downward momentum, with bears dominating. Trading volume remains moderate, and selling pressure has increased.

Key Levels

• Support Levels: $622.85, $600.00

• Resistance Levels: $670.00, $700.00

Bullish/Bearish Direction Prediction

In the short term, if the price breaks below the $622.85 support, it may further test the $600.00 area. If it stabilizes in this range, a slight rebound is expected; however, the upper resistance levels of $670.00 or $700.00 may be difficult to break through.

Action Suggestions

1. Long Position Strategy:

• Entry: Attempt to establish a long position after the $622.85 support holds

• Take Profit: $670.00, $700.00

• Stop Loss: $615.00

2. Short Position Strategy:

• Entry: Short after being pressured in the $670.00 resistance area

• Take Profit: $622.85, $600.00

• Stop Loss: $680.00

Summary

Currently, BNB's trend is weak, and there is still downward pressure in the short term. It is recommended to focus on the gains and losses at the $622.85 support, control positions reasonably, and operate cautiously.