$BNB /USDT BEARS TAKE THE WHEEL – PRICE FACES REJECTION NEAR RESISTANCE ZONE

Immediate Market Move Explanation:

BNB/USDT is showing signs of short-term bearish pressure after a failed attempt to hold above the $645–$650 resistance area. The price was rejected near the daily high of $651.02 and has since dropped toward $641.78, forming lower highs on the intraday chart. The drop of -0.90% and increased volume near the top suggest potential profit-taking and weakening bullish momentum.

Trade Setup:

Short Entry: $642–644

Target (TP):

TP1: $635

TP2: $628

Stop Loss (SL): $651

Market Outlook:

While the macro trend remains broadly bullish, the short-term sentiment is tilting bearish. Unless $651 is convincingly broken with strong volume, expect consolidation or minor correction. Bulls should wait for signs of a confirmed breakout or support bounce.

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