Currently, BNB is in a resonance phase of "daily high-level consolidation + 4-hour pullback." From the 4-hour perspective, the bears are dominant, and there is a possibility of further decline to find support; but facing the resistance of the previous high, beware of the risk of a sharp rebound and a double top formation.


If the price rebounds to around 717-720 and encounters resistance, and the 4-hour KDJ continues to show a death cross, you can try a light short position, targeting around 692.
The above is for personal sharing only and does not constitute any investment advice. Be sure to set stop-losses. $BNB
BNB-3.12%
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