4.23 BNB Strategy | Can’t Push Higher, Starting to Weaken at High Levels

From the 4-hour structure, BNB is clearly under pressure around 655. It’s pressing against the Bollinger upper band, but it still can’t break through, and at high levels it keeps forming long upper wicks frequently—showing that the bulls have already run out of strength.
Earlier, it briefly broke below the 633 midline. Now the rebound to around 638 is also a weak sideways consolidation; overall, it’s a very typical pattern of—can’t move up → moving sideways and grinding → preparing to pull back.
Next, the focus is on:
In the short term, it will most likely retest the midline again, and may even dip to probe the 617 support.
So the idea is very simple:
A rebound is for setting up a short.
Trading reference:
Short in batches within the 640—650 range. The first target is to watch for 633 to break down; if it continues after 633 breaks down, then further look for 617.
If it can’t go up, it’s weak—don’t fantasize about a rally at high levels. Short with the trend for more stability. $BNB