$BNB Market Analysis:
BNB has recently been driven by good news, and its growth has surpassed Ethereum, even reaching the top pressure level of the weekly sideways zone. Today, we need to focus on the key position of 707.2, which will determine the direction of the short-term trend.
Long scenario:
If the 1-hour level always stands above 707.2, the long trend remains unchanged and continues to rise.
The upper pressure levels are: 723.8, 730.6, and 742.
Short scenario:
If the 1-hour level falls below 707.2, a short-term correction may be initiated.
The lower support levels are: 696.7, 689, and 678.5.
Operation suggestions:
Long position holders: Pay attention to the support of 707.2. If it stands firm, you can continue to hold it, and the target is the upper pressure level.
Short-term watchers: If it falls below 707.2, you can wait for a pullback to the lower support level before considering entering the market.
Core view: The key to BNB's short-term trend lies in the battle for 707.2. If it stands firm, it will continue to rise, and if it falls below, it will start to pull back. Investors need to flexibly adjust their strategies according to key points!
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