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In the early stage, Bitcoin-led oversold rebound has already been completed. Most major cryptocurrencies have also seen synchronized price recovery, but in this round BNB’s rebound strength has clearly lagged behind the overall market’s pace. BNB’s coin price is currently positioned relatively low compared with its market-cap scale.
The current bearish downside momentum has been completely exhausted; the lows are no longer being continuously set lower. The bottom support structure is gradually stabilizing. After the subsequent capital-rotation phase starts, BNB will move into an independent bullish trend and quickly restore the currently undervalued relative price level.
Trading suggestion: Aggressive traders should go long directly at the current price; for more conservative traders, go long around 606-602, targeting 616-620 on the upside. If it breaks down, it will be at 630.
#CryptoCircle $BNB $BTC $SOL