$BNB BNB/USDT is experiencing a corrective phase after reaching a new all-time high (ATH) of 883.86. Currently, BNB is trading around 864.07, and sellers, or Bears, are pushing for the price to pull back towards the 845 area. If selling pressure continues and bullish momentum remains weak, it is likely that the downward trend will extend.

Short-term key retracement targets 📉

The following support levels should be monitored, which could act as areas where the price might bounce or continue its decline:

✏️858: This is the first crucial testing level, where the price could find initial support.

✏️852: If the price breaks below 858, this is the next target to the downside.

✏️845: This area is considered the final support. A decisive break below this level would indicate significant weakness.

Selling opportunity (short) 💰🛍️💹

This correction presents a potential opportunity to open a short position (benefit from the price decline), especially if the price is consistently rejected below the 872-875 range. To confirm this strategy, it is essential to analyze the trading volume; high volume during the decline would validate the strength of the bearish movement.

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