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BNB's current weak consolidation pattern is clear. It appears to be stabilizing sideways, but in reality, it is a phase of bearish accumulation, continuously eroding retail traders' confidence in buying the dip.
The price remains under pressure below the key moving averages. Short-term rebounds lack volume, and declines are smooth, leaving bulls powerless to respond.
Technical indicators are also weakening, with bearish momentum remaining strong. There are no clear reversal signals. Blindly buying the dip could easily result in losses. The strategy for BNB remains primarily to sell on rallies.
Trading suggestion: Short around 629-635, targeting 618-612, with a break below 608.