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BNB Observation on the Morning of November 4
The bullish momentum for BNB is clearly insufficient. After dropping to around 954 yesterday, it rebounded to 1009, but quickly turned down again—those buying long are simply not putting in any effort. What does this indicate? Short-term bears are in control, and the bulls have weakened.
The approach is very clear: short, not long.
It is recommended to open a short position in the 1000-1015 range, with the first target at 975, and after breaking that level, the next focus should be around 935. In the current trend, following the trend is the key.