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Morning of May 6 BNB outlook
4-hour cycle, BNB Bollinger Bands narrowing and flattening, the market consolidating sideways. The price stabilizes above the middle Bollinger Band, indicating a stable short-term bullish structure.
All period moving averages are diverging upward, forming multiple support levels; KDJ is showing a golden cross at low levels and rising, with bullish momentum continuously strengthening, indicating a clear bullish signal.
Recommend going long in the 622-627 range, target 636-649
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