4.16 BNB Market Analysis and Strategy


On the 4-hour timeframe, the Bollinger Bands are opening downward, and the price continues to be pressured below the middle band. After a lack of rebound, it declines again, indicating a clear downtrend.
The short-term moving averages are in a bearish alignment, with the price below all moving averages, with resistance levels layered one after another.
The MACD has a death cross at a high level and continues to move downward, with sufficient bearish momentum, and no signs of a bullish crossover yet.
Trading suggestions:
Short around 625-630, targeting 615-605, with stop-loss built-in. $BNB #Strategy上周购入13927枚比特币
BNB0,5%
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