$BNB /USDT: BEARISH PLUNGE ALERT! 📉
The BNB/USDT pair is experiencing a significant downturn, with the current price at $621.30, reflecting a sharp decline of 11.77%. The 24-hour high and low are $705.57 and $620.00, respectively. The 24-hour trading volume is substantial, with 1.09M BNB and 722.04M USDT traded.
### 📈 Current Market Conditions
The market is currently bearish, with a notable drop in BNB's price. The daily chart shows a strong downward trend, with the price falling from recent highs. The 7-day performance is down by 13.61%, indicating sustained selling pressure.
### 📉 Trade Setup: SHORT ENTRY
- **Entry Point:** $621.30
- **Target 1 (TP1):** $600.00
- **Target 2 (TP2):** $580.00
- **Stop Loss (SL):** $640.00
### 🔍 Market Outlook
The overall market sentiment for BNB/USDT is bearish in the short term. Traders should exercise caution and consider short positions with appropriate risk management. The price may continue to decline if the selling pressure persists. 📊📉
#BTCNextMove #USUALBullRun #ElSalvadorBTCReserve #USJoblessClaimsFall
