Recently, CZ has become a hot topic again, and this time it brings positive news.

It is reported that CZ's sentence is expected to be released early, which will undoubtedly have a positive impact on Binance's platform currency $BNB

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At present, BNB has been trading sideways in the range of 560-570 US dollars for more than a week. From the perspective of technical analysis, I personally think that the recent support area of ​​BNB is around 546-495 US dollars. If the price drops to this range, it will be a good opportunity to buy at the bottom.

In this round of platform currency competition, BNB is undoubtedly the strongest one. If CZ can really be released early, I expect BNB to be able to achieve an upward breakthrough, and the price may reach my golden section of 0.618, which is around 630 US dollars.

For investors who intend to enter the market and do more, I suggest that you can consider the following points for operation: It is recommended to build positions in batches in the range of 564-565 US dollars. As for the stop loss point, it can be set at about 3%. As for taking profit, you can consider taking profit in batches at the prices of $607 and $633.

Please note that the above analysis is for reference only, DYOR.