7.26 midday BNB analysis
Judging from the rhythm, BNB in the near term looks more like a consolidation phase following a strong rally, rather than a continuation of a decline after turning weaker.
If prices can continue to hold the support below and gradually raise the swing lows during the range-bound period, then in the short term there is a chance to re-enter an upward rhythm.
Especially when the pullback is limited and the buy-side absorption below is relatively stable, this kind of structure often suggests that market sentiment remains relatively positive; if the market later breaks higher with increased volume, there is still potential for the price to extend further upward.
Trading strategy
BNB: 560—565 to do Dabu, target: 575
$NVDAB $BTC $BNB
#比特币挖矿难度或下调1.2% #特斯拉本周跌近20% #Wise拟按GENIUS法案重申银行牌照
Judging from the rhythm, BNB in the near term looks more like a consolidation phase following a strong rally, rather than a continuation of a decline after turning weaker.
If prices can continue to hold the support below and gradually raise the swing lows during the range-bound period, then in the short term there is a chance to re-enter an upward rhythm.
Especially when the pullback is limited and the buy-side absorption below is relatively stable, this kind of structure often suggests that market sentiment remains relatively positive; if the market later breaks higher with increased volume, there is still potential for the price to extend further upward.
Trading strategy
BNB: 560—565 to do Dabu, target: 575
$NVDAB $BTC $BNB
#比特币挖矿难度或下调1.2% #特斯拉本周跌近20% #Wise拟按GENIUS法案重申银行牌照