$BNB Falling below the $600 mark! Sideways consolidation at the bottom is a trap to lure more buyers!

‍$BNB In the past 7 days, there has been a rapid drop of -20.46%, from a historical high of $735, pouring down all the way, breaking through multiple resistance lines, currently struggling around $581.61. The most dangerous part is that the absolute psychological and technical "bottom" of $600 has been ruthlessly shattered, and the bullish trend has been completely broken.

No rebound at all, a continuous decline:
Apart from a very weak resistance on June 2, the market has been showing a disastrous pattern of lower highs, with each wave lower than the last.

Sideways consolidation at the bottom is a trap to lure more buyers:
Although today’s market is flat between $560 and $580, attempting to build a bottom, in the context of shrinking volume and the entire network BTC dropping below $60,000, this volume-less consolidation is not a sign of bottoming out but a "mortuary" pattern after the bulls have run out of steam, which could be hit with a secondary crash at any time.

Once the $580 level is firmly established as resistance, there is almost no solid technical support below, and the next move could be a direct plunge testing $520 - $540, or even retreating to the psychological abyss of $500!#bnb