BNB is oscillating around 555u today, with no clear direction.

Today's range is between 551u and 570u, a very narrow range, with neither bulls nor bears having a clear advantage.

In the short term, 550u is the most critical support level right now. It has been tested once today and held for now.

But the resistance at 600u above still remains. As we analyzed last time, there is a batch of chips there that hasn't been absorbed, and every time it bounces back to that level, it gets pushed down.

The current state is stuck between 550u and 600u, with no breakout.

If 550u holds, you can try a small long position, with a target of 580u first, and a stop loss below 545u.

If 550u breaks, the space below is relatively empty, with support expected around 520u to 530u.

My short-term view is to wait and see, and follow the direction once it emerges. Taking a position now risks getting caught on either side.

$BNB

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