May 4th Xiao Yue BNB Analysis



Since the low point around 615, BNB has stabilized and surged in volume to reach a high of 626.66, with short-term bullish momentum fully released, and the gains are significant. After the surge, the price quickly pulled back, indicating that selling pressure at high levels is beginning to appear, and profit-taking signs are obvious. This rally is driven by short-term capital impulsive trading, lacking sustained support. If it cannot hold above the high zone later, it is likely to enter a pullback and correction phase, with overall risks of losing momentum and weakening under pressure.

Trading suggestions:
Gradually short in the 635-650 range, targeting the 590-620 zone.
BNB0.54%
BTC0.18%
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