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BNB Analysis
BNB tested the bottom and rebounded on the 1-hour chart, with a low of 596.4 before a strong rebound. Currently quoted at 616.0, the bottom support signal is clear.
Technical: The lower band of the Bollinger Bands at 605 provides strong support. The price has stabilized above the middle band at 611, confirming an upward rebound trend. The KDJ indicator has formed a bullish crossover from a low position and is in a strong zone, indicating ample bullish momentum. Pullbacks present low-buying opportunities.
In terms of trend, the sharp decline has bottomed out, with strong buying support below. The low point has been raised, forming a short-term oscillation with a bias toward the upside.
Trading strategy: Buy in the 610-615 range, with targets of 625-640. Breakouts above the previous high of 650 are expected. $BTC $GT $ETH