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3.27 BNB Morning Analysis: Follow the Trend for Short Selling
BNB daily chart surged to around 650 and faced strong resistance, then pulled back, with a low around 622. In the short term, it is consolidating within the 625-630 range, showing a weak oscillation after a high-level correction, dominated by bears.
From the market perspective, the short-term rebound momentum continues to weaken. Multiple attempts to rise are met with resistance above 635. Bullish buying interest is lacking, selling pressure is gradually releasing, and market sentiment has shifted from wait-and-see to cautious and bearish. The hourly moving averages are turning downward, forming resistance, with trading volume remaining low. There are no clear signs of bottoming out. The main strategy for today is to focus on shorting during rebounds, avoiding blind bottom fishing.
Operation Suggestions:
Short in batches around 632-636, targeting 625-620.