🔥Keep an eye on this position! BNB has shown key signals at the 4-hour level, retail investors shouldn't be shaken out!🔥
Current BNB price is 628.23, 24-hour drop -0.88%. From the chart, the trading volume has significantly decreased (VOL 3.41M, far below the MA average line), indicating that both bulls and bears are on the sidelines, and the market has entered a state of 'calm before the storm'.
On the technical side, MA(7)837.68 and MA(25)690.39 are still far above the current price, and the moving average system shows a typical bearish arrangement. However, it is noteworthy that the price at the 4-hour level has not continued to break new lows, but has repeatedly tested support at the 623 line effectively. This kind of decreasing volume and divergence structure often indicates a precursor to a trend reversal.
In terms of short-term operations, focus on the 623.01 low point of 24h; as long as it doesn’t break down below it significantly, the bearish force is weakening. Once it breaks above 635.89 with increased volume, it is highly likely to test the MA(25)690 line upwards.
Don’t be swayed by the market's pessimistic sentiment; when the volume has reached its extreme, it is time for direction selection. At this position, cutting losses is not as good as waiting for the wind to come!
