BNB

BNB's recent market performance is thrilling. The price rose to 721u in a short period of time, but then quickly fell back to just over 500u.

In the 4-hour trend, BNB completed the eight-wave trend on the chart and is currently back to the initial wave position. This position also formed a double bottom structure, and the daily level B wave appeared, showing a potential upward correction signal.

Support and resistance:

Despite the upward correction, the overall downward trend of BNB has not changed. The strong support level is currently around $580-590, which may become a key support point when the price further corrects.

BNB's short-term trend shows some correction signals, but the overall downward trend has not yet reversed. Investors need to pay attention to the support performance in the $580-590 range.

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