The recent rebound of B2 is mainly driven by short-term sentiment from spot Bitcoin buying, while risk appetite in the derivatives market remains insufficient, limiting the overall rebound's sustainability. Technically, B2 faces resistance in the 0.666–0.672 range, with weakening bullish momentum. If the 0.632–0.641 support is breached, be alert for further declines into the 0.620–0.590 region. It is recommended to focus on short-term operations such as selling high and buying low, set strict stop-losses, and wait for confirmation of both volume and market sentiment before entering any trend-following positions.

Bitcoin's recent rise is mainly driven by spot market buying, with a 0.7% increase over 24 hours and a 5.4% weekly gain. However, the derivatives market remains cautious: perpetual contract funding rates are negative, open interest is declining, and option demand for downside protection is rising. This indicates that the overall market risk appetite has not substantially strengthened, and the rebound is primarily technical. In this context, high-risk altcoin B2 also saw a brief rise, but the overall sentiment has not significantly improved, which constrains the sustainability of its rally.

On the daily chart, B2 saw an oversold rebound after a correction from 0.7583 to 0.5892 between the end of March and April 6. On April 7, it quickly rebounded to 0.6687, and on April 13, with increased volume, briefly surged to 0.7007. However, it failed to break through the previous resistance (0.7000–0.7200) and repeatedly pulled back, oscillating in the 0.6419–0.6728 range. Recently, trading volume has gradually shrunk and daily price swings have narrowed, indicating insufficient bullish momentum. Currently, the price is pressured below the 0.666–0.672 resistance, while 0.6419 and 0.6326 are initial support levels. If lost, be cautious of a further drop to the 0.620–0.590 region.

Given the cautious sentiment in the derivatives market, this rebound is unlikely to develop into a strong bullish trend. In the short term, watch for repeated probes of the 0.666–0.672 resistance zone and consider reducing positions or setting up short entries when price approaches this range; if the price pulls back to the 0.632–0.641 support, consider buying in small, staggered batches with strict stop-losses set below 0.620. For mid- to long-term positions, wait for confirmation from both volume and sentiment before assessing trend sustainability.

BSquared Network

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BSquared Network Price: B2 Live Price Today | B2 Market Cap & Chart Analysis | Bybit-eu

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B2 price today is 0.63, with a live price change of -3.06 in the last 24 hours. Convert, buy, sell and trade B2 on Bybit-eu.

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