BNB today behaves like a "conservative player" who is focused before exams, currently hovering around $616. After the fluctuations in the past few days, the market has entered a clear wide oscillation range of $590 - $635. Trading volume has shrunk, indicating that both bulls and bears are waiting for a clear signal, with overall sentiment being neutral and wait-and-see.

Technical observation:

• Strong support: Locked in at the $590 - $600 level. As long as this range is not effectively broken, the spark of a rebound is still alive.

• Resistance point: The upper resistance level is at $635. Only by breaking through this "ceiling" with increased volume can the way be opened for upward movement towards $660 or even higher levels.

• Indicator hints: RSI is around 51, in a lukewarm middle ground, with a high probability of maintaining a grinding market in the short term.

Core drivers:

The official launch of ICE futures in early February has paved the way for institutional entry, coupled with the upcoming BNB Chain hackathon and other ecosystem activities at the end of the month, the fundamental moat for BNB remains strong. As long as Bitcoin (BTC) does not "make a fuss", BNB's resilience still ranks among the top in mainstream coins.

Operational thinking:

Currently, it is recommended to "watch more and act less", focusing on low buying opportunities near $610, or patiently waiting to enter after breaking through $635.