The market is adjusting, and the long-short tug-of-war has entered a critical moment

BNB price fluctuates, can it break through and regain strength?

Time is running out, how to seize short-term opportunities?

Market analysis

Currently, the price is fluctuating near the recent pressure level, and the long-short competition is fierce. In the short term, the buying power has weakened, but the overall market sentiment remains high. Next, focus on whether the pressure level can be effectively broken. If it fails, it may trigger a further correction.

Support and resistance levels

Support level

1. $690

2. $670

3. $650

Resistance level

1. $710

2. $725

3. $750

Short-term trading strategy

Long strategy

• Opening point $690

• Adding position point $670

• Stop loss point $645

• Take profit target

1. $710

2. $725

3. $750

Short strategy

• Opening point $710

• Adding position point $725

• Stop loss point $755

• Take profit target

1. $690

2. $670

3. $650

My prediction

In the short term, the price may rise and fall. It is recommended to give priority to the short strategy and wait for the confirmation signal near the key resistance level.

I will share the analysis of mainstream and altcoins with you every day. You can click on the coin pair labels in the article to trade. I wish you all a lot of money! $BNB