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May 8th Baimu Xin BNB Market Analysis:
The medium-term pattern is predominantly bearish, with weekly RSI and MACD indicators weakening simultaneously, and the correction phase has not yet ended.
Currently, although there is temporary support from funds at low levels to slow down the decline, the rebound lacks volume support, and the resistance overhead is very heavy. Overall, it is in a oscillating tug-of-war stage with downward support and no strength in upward movement, with a higher probability of breaking downward in the future.
Trading idea: Enter short positions in the 645-653 range, with the lower target at 618-628. $BNB