$BNB

BNB/USDT Daily Market Analysis:

Current price is $718.17, 24-hour increase is +3.32%. 24-hour highest price is $724.05, lowest price is $677.03, trading volume is 606,602.83 BNB, USDT trading volume is 426 million, market volatility is high, showing a rebound trend recently.

Technical Analysis and Key Levels

1. Moving Average Trend:

• Short-term moving average (MA7) is $716.25, price has stabilized above the short-term moving average, indicating a strong rebound trend.

• Medium-term moving average (MA25) is $668.70, current price is significantly above this moving average, forming clear support.

• Long-term moving average (MA99) is $599.73, long-term trend remains bullish.

2. Key Support and Resistance:

• Support levels: $716.25 (MA7), $668.70 (MA25).

• Resistance levels: $724.05 (24-hour high), $793.86 (previous high).

3. MACD Indicator:

• DIF and DEA show a volatile trend, red bars are gradually shortening, but still above the zero line, indicating that bullish momentum has weakened, but market sentiment remains bullish.

• Technical analysis suggests a possible further test of resistance levels in the short term.

4. Trading Volume:

• Trading volume has recently rebounded, reflecting funds gradually flowing in during high volatility.

Short-term Contract Strategy

Long Position Strategy:

• Entry point: $710~$720

• Add position point: $690

• Stop loss point: $670

• Take profit points:

1. $730 (short-term target)

2. $750 (strong resistance)

3. $780 (aggressive target)

Short Position Strategy:

• Entry point: $730~$750

• Add position point: $780

• Stop loss point: $800

• Take profit points:

1. $710 (support level)

2. $690 (secondary support)

3. $670 (strong support)

BNB may further challenge the $730~$750 resistance range in the short term. If trading volume continues to increase and breaks through the resistance level, it is expected to challenge the psychological levels of $780 or even $800. If upward momentum is insufficient, the price may pull back to the $690~$710 area before attempting to rebound again.

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