6/29 Midday BNB Review: 570 Breached, Bearish Pattern Continues

BNB has officially broken below the key support level of 570 during the midday session, further opening the downside space structurally, with the short-term first target lowering to 540.

At the order book level, current market buying pressure is weak, with no signs of institutional capital stepping in to support the market, and bears remain in control. There is room for further downside, and under extreme market conditions, the 520 and 500 round-number levels may also be tested. Short-term bias remains bearish, and one should not blindly catch a falling knife.