2024/12/24 Morning BNB Analysis
Comparing BTC and BNB, it is not difficult to find that BTC's deep pullback has not had a significant impact on BNB, which has its own independent market and exhibits good resilience against declines.
Previously, we outlined the arc-shaped support structure of BNB, which still appears to be valid and is worth considering for a bottom-fishing layout, continuing to look for bullish opportunities.
Considering the potential downside risk of BTC breaking down, it is advisable to be cautious with long positions on BNB in the short term. One could wait for the BTC downtrend to finish, and when a rebound or uptrend resumes, follow up with BNB.
However, it is important to note that this cryptocurrency is not one that experiences violent price swings; it has relatively stable characteristics. Friends looking to chase short-term volatile opportunities may find this cryptocurrency unsuitable.
