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4.17 BNB Market Analysis and Strategy
The market has gradually climbed since around 605, breaking through the 620 resistance and reaching a high of 637.2, currently consolidating near 630. The hourly chart shows a long upper shadow, indicating significant selling pressure above 640, with bullish momentum waning. In the short term, a pullback is highly likely.
Trading Suggestions:
A light position can be taken on the rebound near 639–641, with a target of 615–621 below. $BNB