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BNB High-position Consolidation, Breakthrough or Correction?

Market Analysis

The current price of BNB is $747.73, up 3.90% in the last 24 hours. The price has entered a high-position consolidation phase after continuously breaking through key resistance levels, with bulls dominating, but there is short-term correction pressure.

Support and Resistance Levels

Support Levels
1. $714
2. $680
3. $650

Resistance Levels
1. $750
2. $780
3. $800

Short-term Trading Strategy

Long Strategy
• Entry Point: $714
• Add Position Point: $680
• Stop Loss Point: $650
• Take Profit Points: $750, $780

Short Strategy
• Entry Point: $750
• Add Position Point: $780
• Stop Loss Point: $800
• Take Profit Points: $714, $680

If BNB can break through $750 and hold in the short term, bulls may challenge the $800 level. However, if it faces pressure at high levels and falls back, it may test the support strength around $714.

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