$BNB /USDT SHORT-TERM BEARISH STRUCTURE — RELIEF BOUNCE OR REVERSAL?
$BNB is currently trading at $652.20 (+0.59%), showing a minor green candle after a consistent short-term downtrend from the $664.24 high. The price has bounced slightly off the $647.65 low, forming a small bullish candle that may signal a temporary relief rally. However, lower highs and bearish candle clusters indicate that sellers still dominate the intraday structure.
Why Bearish Bias?
The 15-minute chart shows a clear breakdown from the $660+ support area, with multiple bearish rejections and momentum fading after each bounce. The recent uptick may just be a retest of the broken support zone as resistance. Unless reclaims and holds above $656–$658, pressure to the downside remains likely.
Market Outlook:
If this bounce fails below $656, could revisit support at $648, and further down to $642. Bulls must flip $658 to signal strength again. Until then, cautious short-term scalping or waiting for a clearer structure is advised.
Risk Management Tip:
Avoid chasing green candles in a downtrend. Set SLs tightly above $658 if taking speculative shorts. Wait for confirmation before long entries.
Don’t let this breakout fake you out — follow the structure, not the impulse!
Trade with trend, not against it — discipline defines your PnL!