$BNB Short-term fluctuations, intensifying long-short competition
BNBUSDT perpetual contract latest price is 609.00 USDT, down 1.47% in 24 hours, with prices fluctuating violently between 587.03 and 624.00.
From the 1-hour BOLL indicator, the price is currently hovering around the middle track (602.60), with upper resistance at 622.10 and lower support at 583.10. Although there are signs of a rebound in the short term, it remains in a downward channel overall, with both long and short sides fiercely competing around the 600 mark.
In operation, it is necessary to closely monitor the gains and losses of the middle track. If it can effectively stabilize, a rise to 620 can be expected; if it breaks below the lower support, further declines may occur. Market sentiment is cautious, and it is advisable to control positions and ensure risk prevention.