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4.12 Evening BNB Analysis
BNB surged yesterday but faced strong selling pressure, losing the 600 level overnight, currently consolidating around 594. The hourly chart shows a pattern of gradually decreasing highs and insufficient rebound strength. If the key 590 level is broken downward, further decline toward the 585-580 zone is possible. The daily chart is likely to close bearish, with a short-term shift to sideways and slightly bearish, but the previous key support zone around 570 remains an important dividing line between bulls and bears.
BNB Trading Suggestions
Long entry zone: Light positions around 585-590, targeting 600-615
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