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BNB Market: Bearish momentum waning, a good buying opportunity appears in the 900-910 range
The MA7 and MA30 are forming a death cross downward, and the MA30 is exerting significant resistance. The price rebound is encountering resistance and falling back, seemingly dominated by bears, but the volume contraction and pullback have already exposed the exhaustion of selling pressure. The oversold recovery after dropping to 923.95 previously, although lacking momentum, also confirmed the effectiveness of the support below; the failed rebound at the 930 level has formed short-term resistance, providing a consolidation space for the bulls to gather strength. As the decline narrows and trading volume continues to shrink, the space for bears to exert further force is limited. The market is highly likely to bottom out in the 900-910 range, initiating a rebound trend.
Trading Suggestions
Short-term: Buy in batches within the 900-910 range, targeting 925-930. After breaking through, it can continue towards around 940.