$BNB

BNB Price Analysis

Brothers, BNB has recently experienced a wave of rising and falling back! On December 3, it broke through the key resistance level of $721, but the bulls seem to lack momentum and couldn't maintain the high level.

Current Trend:

On December 4, the price fell back from $793, indicating that short-term buyers took profits at the peak. The price has now returned to around $721, where both bulls and bears are fiercely battling.

Future Direction:

Bullish Scenario: If the price can stabilize at $721, the bulls may exert force again, targeting the pattern level of $876!

Bearish Scenario: If the price falls below the 20-day EMA ($673), the bears will regain control, potentially driving further declines.

Strategy Recommendations:

Short-term Players: Pay attention to the support at $721; follow up with long positions after breaking and stabilizing above it, targeting $876.

Conservative Approach: Keep a close watch on the 20-day EMA; focus on defense if it falls below, avoiding the risk of chasing highs.

The tug-of-war for BNB has entered a critical stage, opportunities are right in front of us. Maintain a steady mindset, identify the direction, and strive to seize profit points!