4.23 morning view on BNB: Bullish momentum is exhausted, BNB has returned to a weak range-bound decline with downward bias



The current price has completed a pullback after meeting resistance around 653, rebound momentum is weak, and overall price action remains within the consolidation range as bearish forces continue to suppress the upside.

On the daily chart, volume expanded as price pulled back after pressure; it failed to hold the key resistance zone. In the four-hour cycle, price broke below short-term support, technical indicators weakened in parallel and trended downward. The market is in a phase of pressure-led pullback and weak consolidation.

For support below, watch the 630-625 range; once it breaks, it will likely move further downward. Short the rebounds—just go short directly around 650!
#Gate13周年现场直击 #美伊二轮谈判进展
BNB-0.77%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin