BNB/USD recovered sharply following the footsteps of Bitcoin. It hit an intraday high of $657 and is currently trading around $656.70.
Short-term trend remains bullish as long as support $625 holds. It trades above the 55 and 34,200 EMA on the 4-hour chart. Near-term support is around $640(365- 4H EMA) , any breach below targets $625/$600/$570/$520. If the pair closes below $500, potentially leading to further declines towards $400.
Immediate Resistance is at $700.Any breakout above this resistance confirms bullish momentum and a jump to could suggest bullish momentum, with further gains possible towards $730/$800/$1000. Near-term resistance is around $680.
Indicators (4-Hour Chart)
- Directional Movement Index: Neutral
- CCI (50): Neutral
Trading Strategy
It is good to buy on dips around $650 with a stop-loss set at $600 and a target price of $800/$1000.


FxWirePro- Major Crypto levels and bias summary
EUR/USD Range-Bound Below 1.1660 Resistance: Bearish Target at 1.1500
FxWirePro: USD/CNY trades flat near near 3 -1/2 year low , Outlook bearish
FxWirePro: USD/CAD extends decline, vulnerable to more downside
Major Pair Currency Score: EURUSD Extremely Bullish, AUDUSD Bullish, USDCAD Extremely Bearish
JPY Major Currency Score: All Pairs Extremely Bearish
FxWirePro- Woodies Pivot (Major)
FxWirePro: USD/JPY extends decline, vulnerable to more downside
Bitcoin Consolidates Near $78K: Will Strong ETF Inflows Trigger a Breakout to $90K? 



