From the 4-hour K-line chart of BNB, the price has recently experienced significant volatility, currently rebounding slightly above the key support area, and the market is in a short-term phase of oscillation adjustment. Based on the moving average system and other technical indicators, two operational directions can be formulated.
Moving average analysis: MA7 and MA30 form a death cross, and the short-term trend is bearish. MA100 (around 716) remains horizontal, constituting mid-term pressure. The current price is fluctuating around 672, having fallen below MA30, and short-term rebounds may be limited.
K-line structure: Recently formed a head pattern, with a high point of 794 retreating and a low point around 622; currently in a stage of oscillation repair. The lower range of 650-660 is a key support area, and the rebound needs to be accompanied by increased volume.
RSI: About 40, short-term rebound momentum is limited.
MACD: Death cross downward, but the green bars have shrunk, indicating a slowdown in bearish momentum.
Trading volume: After a significant drop yesterday, the volume has increased significantly, showing strong market selling pressure; if today's volume does not continue, the rebound may be limited.
Today's operation suggestions
Direction One: Bullish (support rebound)
Opening position: 660-665 (layout long positions near the support area)
First take profit level: 685 (short-term resistance level)
Second take profit level: 700 (near the MA30 moving average)
Stop loss level: 645 (stop loss on breaking below support)
The price has gained support in the 660-665 area. If market sentiment improves, there may be short-term rebound opportunities. The upper level of 700 is a strong resistance area, and a breakout must be accompanied by trading volume.
Direction Two: Bearish (continuing downward)
Opening position: 680-690 (layout short positions as it rebounds to the resistance area)
First take profit level: 660 (previous low point support)
Second take profit level: 640 (testing lower support)
Stop loss level: 700 (stop loss on breakout above resistance)
If the rebound is blocked in the area of 680-690, it indicates that bearish forces still dominate, and the market may continue to test 650 or even 640 downward.
Yesterday's situation: The price continued to decline, and market selling pressure was strong, failing to stabilize effectively.
Today's forecast: If the rebound volume is insufficient, the short term will mainly be weak fluctuations; if the market stabilizes, the area around 660-665 is expected to become a short-term rebound support.
If the price breaks below 645, timely stop loss is needed to avoid further downside risk. If the rebound momentum is insufficient, it may fall into narrow fluctuations. Macroeconomic news or trends in the crypto market may trigger sudden volatility.
Current market sentiment is bearish, operations need to be cautious, it is recommended to test with light positions, focus on the performance of the support zone at 660-665 and the resistance zone at 680-690, flexibly adjust strategies, and control risks.
