Yesterday, BR experienced a beautiful market reversal. It was directly smashed up from the low of $0.05140, and the feeling was like a rocket taking off vertically, with buying pressure flooding in. The price was pushed up to around $0.05580 to hit a new high. Although it pulled back to $0.05566, it still gained 6.47% intraday. The 24-hour trading volume exceeded 5.56 million USDT, with a trading volume of 10.39 million. This explosive volume clearly indicates that large funds completed their accumulation at the bottom and then strongly drove the price higher.

From a technical perspective, the bulls' strength is indeed sufficient. Although it has fallen 8.75% over 7 days and 6.67% over 30 days, this has instead become the energy reserve for a rebound. The short-term upward trend has now been established. As long as the key support level at $0.05350 is defended, the bulls still have room to continue their push.

For traders, chasing the high at this position carries significant risk. The best approach is to wait for a pullback and look for low-entry points in the $0.05400-$0.05500 range, making the risk-reward ratio more favorable. The target levels can be divided into two: first watch at $0.05560, then at $0.05600. If the previous high can be effectively broken, the $0.05650 level above is not a dream. Of course, stop-loss must be set at $0.05350. If it falls below this, the short-term rally will likely be declared a failure.

There is no need to participate in shorting BR at this stage. For such a fierce market, contrarian trading will only lead to being crushed. For those going long, patience is key. Buying low allows you to steadily capture the benefits of this rally, and remember to diversify risk—don’t go all-in.