BNB High Position Fluctuation, Short-Term Support and Strategy Recommendations

Market Analysis

Current BNB price is $706.38, the 4-hour chart shows a fluctuation and pullback trend:

1. Moving Average Performance: MA7 ($710.55) is turning downwards, short-term pressure; MA25 ($709.47) is close to the price, serving as important current support; MA99 ($695.66) indicates that the long-term trend remains bullish.

2. MACD Indicator: DIF crosses below DEA, red momentum bars increasing, bearish strength is dominant in the short term.

3. Trading Volume: Trading volume is gradually decreasing, and market sentiment is cautious, likely to continue fluctuating in the short term.

Key Price Levels

• Support Level: $704.00 (short-term support), $695.00 (strong support)

• Resistance Level: $717.00 (upper resistance), $730.00 (key resistance)

Operational Suggestions

1. Long Strategy:

• Entry Point: $704.00-$706.00

• Stop Loss Point: $695.00

• Target Levels: $715.00, $717.00

2. Short Strategy:

• Entry Point: $717.00-$720.00

• Stop Loss Point: $730.00

• Target Levels: $710.00, $704.00

Directional Forecast

Short-term may test $704.00 support; if stable, it may rebound to $717.00; if it breaks below $695.00, the pullback space will further open.

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