BNB is maintaining narrow convergence oscillations on the 1-hour timeframe, with the market showing weak consolidation and a bearish dominant pattern.

From a technical perspective, the short-term is continuously under pressure at the Bollinger Band mid-line of 640.9, with insufficient rebound momentum and multiple attempts failing to effectively hold steady;

The near-term support below is in the 633 region, with the overall trading range narrowing and volume continuing to shrink, resulting in light market activity. The bearish momentum remains unchanged with weak rebound strength. If the key support at 634 is effectively broken below, it will likely open up downside space and retest the previous lows.

It is recommended to short in the 645-650 range, with targets to watch at 638-625 with built-in stops.

#Gate13周年全球庆典