BNB: A tug-of-war between bulls and bears, key levels are worth paying attention to!
Market Analysis
BNB is currently in a phase of contention between bulls and bears. Although the bears hold a certain advantage, market sentiment appears slightly cautious. Future movements need to focus on the breakout of key support and resistance levels.
Support and Resistance Levels
• Support Levels: $680, $670, $660
• Resistance Levels: $700, $710, $720
Short-term Trading Strategy
Bullish Strategy:
• Entry Point: $680
• Add Position Point: $670
• Stop Loss Point: $658
• Take Profit Targets: $700, $710, $720
Bearish Strategy:
• Entry Point: $700
• Add Position Point: $710
• Stop Loss Point: $725
• Take Profit Targets: $680, $670, $660
My Prediction
In the short term, there is a demand for a rebound in BNB, leaning towards a bullish strategy, focusing on whether $680 can form effective support.
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