$BNB

From the daily chart of BNB/USDT, the current price is $666.74. Recent trends show that the price has broken below the short-term moving average support, and the market still appears weak.

Key Point Analysis

• Support Levels: $650 (short-term support), $622.85 (strong support below).

• Resistance Levels: $693 (7-day moving average), $714.61 (previous high resistance).

Market Prediction

1. Downward Fluctuation Trend: MACD is in the bearish zone, and the price has not stabilized above the moving average, which may maintain a weak fluctuation trend in the short term.

2. Short-term Rebound Opportunity: If the price rebounds and breaks through $693, it is expected to test the $714.61 resistance level.

Trading Strategy

• Long Position Suggestion:

• Entry Point: Accumulate positions gradually near $650.

• Take Profit Targets: $693, $714.

• Stop Loss Level: $622.

• Short Position Suggestion:

• Entry Point: Enter lightly after breaking below $650.

• Take Profit Targets: $622, $600.

• Stop Loss Level: $680.

It is recommended to pay attention to changes in trading volume and the effectiveness of key support while adjusting trading strategies based on the overall market environment, strictly controlling risks.