6.1 Monday BNB Evening Strategy

4-hour timeframe, price rebounded to the key resistance zone of $715-720, encountering heavy selling pressure. The upper 20-day moving average and the middle band of the Bollinger Bands form a double resistance, preventing bulls from breaking through;
The MACD red histogram is rapidly shrinking and is about to form a death cross, indicating that bearish momentum is continuously strengthening;
The RSI indicator has turned downward, falling from the neutral zone, with明显不足的买盘承接.
Below, $688-690 is the short-term core support. Once volume increases and it breaks down, it will open the downside space, probing the $680 level;
The resistance at $715-720 remains solid, making it difficult for the rebound to break through effectively.
Currently in a typical range-bound oscillation, with rapid switching between bulls and bears, each move quickly followed by the opposite, and very fast volatility.
BNB moves in tandem with Bitcoin, with the overall market oscillating weakly and dragging the market down.
The platform coin’s safe-haven attribute weakens, with no clear short-term trend, mainly oscillating within a range to harvest profits.
The oscillation is slightly weak, and short-term bias is bearish;
Rebound resistance can be used to strategically establish short positions, relying on the support at $688-690 to play short-term longs, with strict stop-loss management.
Trading suggestion: Watch for a dip to $690-685, with targets $BTC at $720-730.