$BNB

🔵 On July 2nd, BNB rebounded strongly from the breakout position, even briefly surpassing the 50-day moving average of $654.

However, bears quickly organized a counterattack, attempting to push the price back below the moving average.

⚠️ Key Support and Risks

If BNB falls below the moving average and drops back into the descending channel, it will be a clear bearish signal, indicating that the market does not trust the previous breakout, and the price may quickly retract to $640.

⚠️ Bullish Conditions

Bulls need to hold above the 50-day moving average and push the price to break through $665 to gain the upper hand.

Once stabilized above $665, BNB is expected to open a rebound channel from $675 to $698.

Bears are expected to fiercely defend above $675, but as long as bulls remain dominant, hitting $698 should not be difficult.

📉 Key Points on the 4-Hour K-Line

Bears have pushed the price down to the 50-day moving average on the 4-hour chart, with bulls currently in a defensive phase.

The current 20-day moving average is flat, and the RSI is near the midpoint, indicating a balance of power between bulls and bears, with the potential for sharp fluctuations at any moment.

If the price rebounds and breaks above $665, it will be a strong bullish signal; conversely, if it falls below the moving average and cannot regain it, BNB may again test $640.