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BNB idea, I see 600 on the long-term wave
Continuously declining from the high point of 690, overall in a bearish dominant downtrend, moving averages are diverging downward, the short-term bearish trend has not reversed. Do not chase longs on rebounds, follow the pressure to short; wait for stabilization before going long, strictly stop loss on breakdown, do not blindly bottom fish in a downtrend.
It is recommended to short lightly on rebounds if resistance holds at 646–648, with targets at 636→634, if it breaks below 634, long
Since falling continuously from the 690 peak, the overall market is in a bearish, downtrend dominated by shorts. The moving averages are spreading downward, and the short-term bearish trend has not reversed. Don’t chase longs on rebounds—resist and short with the trend. If it stabilizes, consider going long again; if it breaks below the key level, strictly cut losses. Don’t blindly bottom-fish in a downtrend.
Recommendation: If the rebound meets resistance and stays within the 646–648 range without breaking above, you may short with a light position; targets are 636→634. If it breaks below 634, long…