June 18, Thursday BNB Afternoon Strategy

In the early morning, the Federal Reserve kept interest rates unchanged, but the overall tone of the meeting was clearly hawkish, raising inflation expectations and significantly delaying the expectation of rate cuts within the year. U.S. Treasury yields rose, suppressing all cryptocurrencies, with BNB following the market downward. Relying on the platform ecosystem, BNB's resilience to decline is better than most altcoins, but it still belongs to dollar-denominated risk assets. The macro liquidity tightening pressure cannot be avoided. The intra-day slight rebound is only a short-term emotional recovery after the news is released, without additional capital support for a trend reversal.
On the technical side, the four-hour short-term moving averages continue to press down on the price, and trading volume during the rebound phase continues to shrink, indicating insufficient bullish momentum. The short-term resistance is at $620-625, which is the confluence of moving averages and the previous jump-off point, where selling pressure is concentrated during the rebound; below, the short-term support is at $590-595, with a key defensive level at $570. Once the price breaks below the body, a new downward space will open.
Operational suggestion: look for a pullback to $570-580 to buy, target $595, break to see $605, if not, $BTC reverse position.