BNB this round followed the mainstream rally higher, but there is clear pressure around the 625 area above, and it was unable to extend further. Subsequently, during the Asian session, it moved into a period of consolidation and then pulled back, but overall downside momentum is not strong. After touching around 613, it rebounded, and the current price is fluctuating around 617.

From the four-hour structure, the bigger picture remains biased to the downside, and the overall trend has not changed. Although the short-term Bollinger Bands show signs of moving upward, this is mostly just a rebound for correction and is not enough to turn around the current bearish setup.

In terms of trading, it is not recommended to chase longs at high levels; afterward, the priority is still to look for a pullback.
For the short term, watch the 619-625 range and place short orders in batches; the downside targets to look at are in the 600-590 area.
$BNB ‌#Gate广场四月发帖挑战 #加密市场回升