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BNB is currently in a completely bearish dominant trend, with the price highs continuously moving lower, and the lows constantly being refreshed. The weak market structure is very obvious.
On the daily chart, all moving averages are fully suppressing the price, and the four-hour cycle remains under pressure. The rebounds are lacking volume, and the declines are accompanied by increased volume. There are no signs of stabilization. Do not be fooled by small rebounds; following the trend and staying bearish is the most prudent choice.
Trading suggestions: For aggressive traders, short directly at the current price of 619; for conservative traders, short around 622-626, targeting 606-600, and a break below 590.