3.23 BNB Morning Market Strategy

BNB's current price is near 621, forming weak support after a brief pullback, but the rebound momentum is clearly insufficient with weak bullish commitment. The 4-hour level has just completed a sharp waterfall-style decline, breaking below the Bollinger lower band and continuing to consolidate weakly along the lower band, with moving averages in bearish alignment, the medium-term downtrend remains unchanged. The hourly chart shows repeated failed rallies with lower highs, a clear bearish-dominated pattern, and low-level consolidation is more likely accumulation before further decline rather than a reversal signal.

Trading Recommendation

On rebounds in the 630-632 range, establish short positions in batches, with target around 620-622, and if support breaks, continue to watch 608#Gate13周年全球庆典 #加密行情震荡 #创作者冲榜