BNB/USD trades weakly following the footsteps of BTC. It hit an intraday low of $763.30 yesterday and is currently trading around $768.10.
Short-term trend remains bullish as long as the support $698 holds. It trades below the 55 and 34, 200 and 365 EMA on the 1-hour chart. Near-term support is around $760, any close below targets $735/ $700/$670/$650/$644/$628/$598. If the pair closes below $500, potentially lead to further declines towards $400.
Immediate Resistance is at $780.Any breakout above this resistance confirms bullish momentum and a jump towards $800/$820/$830/$862/$900/$1000.
Indicators ( 1-hour Chart)
Directional Movement Index: Neutral
CCI (50): Bearish
Trading Strategy
It is good to buy on dips around $700 with a stop-loss set at $600 and a target price of $1000.


FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro- Major Crypto levels and bias summary 



