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7.8 Midday BNB Analysis
After a significant decline, selling pressure on the chart has basically been exhausted. Multiple probes have confirmed solid support at the bottom. Short-term moving averages are gradually stabilizing, and the market has entered a phase of low-level grinding.
Currently, the market has sufficient oscillating turnover, conditions for a rebound are gradually accumulating, and as long as support holds, the overall bias is toward recovery.
Operations:
On pullbacks, lay out long orders in the 555-560 range, with a target of 585-590 range.
Note:
The above analysis is Mu Yao's personal analysis. The market changes rapidly. This content is for reference only and does not constitute any investment advice!
$BNB