BNB’s current trend is entirely biased toward a weak downward movement. The rhythm of pullbacks from high levels has never changed, and the market is unable to display a strong reversal and repair.

The Bollinger Bands are opening downward, and the medium- to long-term structure is all weakening. Each time there is a small attempt to rebound, it is met with sell pressure and suppression. Market funds continue to flow out, and the main players’ stance on reducing holdings at high levels is obvious—there is no incremental capital entering to take over and support.

Combined with the overall market environment that is choppy and on the weak side, the downward pace will continue afterward. In terms of trading, currently maintain a bearish outlook, focus on positioning at pressure points, and avoid being tempted by short-term rebound.

Trading suggestion: Short around 596-600, looking down at 584-580. If it breaks below 576.
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