BNB Market Key Point Analysis
BNB's initial staking is about to end, and the nighttime market performance is weak. In the morning, there were two tests in the first support area.
Currently, it is essential to focus on the key point of 705.5. If BNB can stabilize above this level.
Then, from the 1-hour, 2-hour, to 4-hour levels, there is hope for a rebound trend, with the upper target and resistance levels to pay attention to being 713, 722, and around 730.
On the contrary, if BNB cannot successfully stay above 705.5 today, it will indicate insufficient rebound momentum, and it is highly likely to continue downward.
The support levels below are around 698.8, 693.5, and 685.7. It is crucial to closely monitor the price performance at these key points to seize market dynamics and trading opportunities in a timely manner.
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