BNB's recent movements have been very standard:

Yesterday, the suggestion was to short at 655 and take profit at 635, achieving a clean and swift 20-point gain.

Overnight, there were two rebounds, but both were capped around 644, clearly showing resistance.

Now, it appears that the short-term rebound is losing momentum.

On the 4-hour timeframe, bears are in control, with prices oscillating at low levels for correction; all indicators are leaning towards bearish.

On the hourly chart, it's even more obvious, as the overall movement is downward.

To put it simply, the current thinking is straightforward:

Rebounds provide opportunities for shorts.

Reference:

Look for shorting opportunities in the 643—645 range

Target around 630—620

Just follow the trend, don’t go against it.

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