$BNB

*DISCLAIMER*

This post mainly about my POV/personal opinion regarding crypto. Please don't blindly follow and make sure make your trade after carefully analyse the market and follow your own trading plan.

For BNB/USDT, we can see price in sideways mode starting from end of December until yesterday where price break up on sideway range. After break, many will start buy as they took that breakout as a sign of price want to start bullish mode.

But, today price go down further to break previous sideways range. Furthermore, 4 hour candlestick closed as rejection candle when reach key level 683.17.

From my opinion, I cannot yet see clear confirmation of where price headed to in near future with price break upper and lower sideways range showed no clear path where price will go. However, based on chart we can see overall price still in bearish mode.

But, as candlestick on 4 hour time frame closed as rejection candle, price may be in short term bullish mode to reach key level at 721.71 before price continue down. Further observation on next open and close price needed to determine entry opportunity .