BNB seesaw battle: The life-or-death line at 640 must hold; if it rebounds, watch these three points!

News front: Have the bad news run out? Three fires are on the way.

  1. Geopolitical risk cooling: Last week's Middle East conflict + Trump’s policy disturbances caused BNB to drop to a low of 636.69, but panic selling pressure has gradually been digested, with on-chain stablecoin reserves surpassing 10.3 billion, providing ample bottom-buying ammunition.

  2. Regulation double-edged sword: The European MiCA legislation taking effect in July may impact exchange revenues, but if the VanEck BNB ETF is approved, it will ignite institutional entry; current open futures contracts are only 800 million, with significant potential.

  3. Ecological upgrade countdown:
    opBNB mainnet upgrade completed, transaction fees reduced to0.0005 BNBattracting high-frequency users;
    Q4 Greenfield storage goes online, BNB transforms into a 'storage gold shovel', staking may ignite demand.

Technical front: Death cross hides opportunities, keep an eye on these two signals.

Short sellers' clear signal: The 4-hour chart's Bollinger Bands are opening downwards, with prices pressed against the lower band, MACD death cross established, DIF 1.74 < DEA 2.26, short-term trend remains weak.

Bullish bottom card:

Strong support at 634-625: 20-day EMA + historical accumulation area, RSI approaching 30 oversold zone, rebounded 25 three times in June;

Breakthrough 659 to see a reversal: If it breaks through the daily resistance with volume, the target directly points to 700 dollars.

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