$BNB /USDT – Key Rejection at $583.58 Sparks Bearish Momentum

BNB/USDT attempted to break higher but faced sharp rejection at the $583.58 level, confirming it as a strong short-term resistance zone. This move triggered a sell-off that drove the price down to $566.17, forming a clean lower low structure. The current price is $571.20, showing slight recovery but still trading below the critical $576–$578 area where resistance pressure remains active.

On the 15-minute and 1-hour timeframes, a consistent pattern of lower highs and lower lows has emerged. The failure to reclaim $576 resistance, combined with an increase in sell volume, reflects a weakening bullish structure and suggests further downside potential if the $566 level breaks again.

Short Trade Signal:

Entry Zone: $570 – $573

Target 1: $565

Target 2: $560

Final Target: $554

Stop Loss: $584

This short setup offers a solid risk-reward ratio, especially if bearish continuation unfolds below $566. Traders should monitor price reaction near the $572 zone — if weakness persists without a strong reclaim, the setup remains valid.

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