BNBUSDT · BNB

Analysis

Structure is clearly bearish — price is trading below the two previous major highs. The critical level for trend preservation is $633.1; while price stays below it, the runway for further downside remains open. Shorts remain the preferred direction. Price is currently about 8.4% below this level. The bearish structure is reinforced by several supply zones, with the first reaction likely around $595.7-602.7. Entering shorts from these zones with lower-timeframe confirmation is a solid strategy.