Looking at BNB's recent market movement, the surge in the early morning was indeed fierce, pushing all the way up to the 955 level. However, during the daytime, although it still fluctuates above 950, a careful look at the trend reveals some issues—despite the seemingly strong rally, there hasn't been a true breakout.
This is a typical false high; chasing longs at high levels carries significant risk. In terms of short-term strategy, my advice is not to rush upward. Instead, wait for a pullback and look for opportunities to go long at support levels below for a more stable approach. From a technical perspective, consider shorting around the 955 area, with a key focus on the 900 level below. Popular coins like XRP and SOL are also experiencing similar adjustments, and the overall market remains somewhat volatile, so patience is required.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Looking at BNB's recent market movement, the surge in the early morning was indeed fierce, pushing all the way up to the 955 level. However, during the daytime, although it still fluctuates above 950, a careful look at the trend reveals some issues—despite the seemingly strong rally, there hasn't been a true breakout.
This is a typical false high; chasing longs at high levels carries significant risk. In terms of short-term strategy, my advice is not to rush upward. Instead, wait for a pullback and look for opportunities to go long at support levels below for a more stable approach. From a technical perspective, consider shorting around the 955 area, with a key focus on the 900 level below. Popular coins like XRP and SOL are also experiencing similar adjustments, and the overall market remains somewhat volatile, so patience is required.