$BNB has fallen below the previous support area that has turned into resistance near $1,270, confirming short-term weakness and entering a consolidation phase around $1,230. This movement indicates a cautious sentiment as bulls attempt to defend lower support levels before any recovery attempt.

Trade Setup:

Entry Range: $1,225 – $1,240

Target 1: $1,260

Target 2: $1,285

Target 3: $1,315

Stop Loss (SL): $1,210

If $BNB stabilizes above $1,225, a rebound towards the mid-range area is likely. However, continuous trading below $1,270 keeps it in a consolidation pattern — buyers need to break above resistance to confirm a shift to bullish territory.