According to a comprehensive analysis of search results, the opportunities after BNB breaks below $630 need to be evaluated in conjunction with short-term technical aspects and long-term ecological fundamentals. Key points are as follows:

1. Short-term key support and resistance

Support level: $600 is an important psychological threshold. If it breaks, it may drop to the $560-$539 range (historical retracement level and EMA support); **Resistance level** is around $630, and if it breaks through, it may challenge previous highs (such as $633.5 in March 2024).

Market sentiment: The current 24-hour price increase has narrowed to 0.16%, trading volume has increased, and the Williams indicator shows oversold conditions. The short-term bullish-bearish contest has intensified, needing to monitor whether it can hold above $600. 2. **Long-term value drivers

- Deflationary mechanism: Binance quarterly burns BNB (for example, burning 1.64 million in Q2 2024) to reduce circulation and support the coin price. In Q3 2024, they plan to burn 1.7 million more, which may further boost demand.

- Ecological expansion: Launchpool projects, BNB Chain application scenarios (payments, DeFi, etc.), and user staking demand form the basis of long-term demand. 3. **Risks and market linkage**

- Regulatory risk: Binance has faced lawsuits from the U.S. SEC, and compliance progress affects market confidence.

- Bitcoin correlation: BNB is highly correlated with Bitcoin. If BTC continues its bull market, platform coins may rise; conversely, they may face pressure.

Conclusion and Strategy

- Short-term: Focus on the effectiveness of the $600 support. If it stabilizes, consider positioning for a rebound; if it breaks, wait for re-entry opportunities in the $539-$560 range.

Long-term: Ecological development and deflationary mechanisms provide fundamental support. If the overall market improves and regulations ease, the target price for 2025 may reach $1185.

Investors are advised to flexibly operate based on technical signals (such as RSI breaking above 60) and ecological dynamics (such as new Launchpool projects), while being mindful of regulatory risks for long-term holding.