A clarification on an easy point to misread: BNB being down 2.516% in 24 hours does not mean selling pressure has won on the latest candle. The current price is $731.97; the exchange-standard 4-hour candle closed at 03:00 at $731.93, after touching $725.62 but remaining below the high of $733.49. 24-hour volume reached 77,223,808 USDT; OI is 549,139.85 BNB, but a single snapshot does not show whether positions are increasing or decreasing. The funding rate is currently 0.000% every 8 hours. I still lean bearish: if the exchange-standard 4-hour candle closes at 07:00 below $725.62, 706 is the low of the last 30 candles; if it closes above $733.49, abandon the bearish view.
$BNB #BNB #Analysis
$BNB #BNB #Analysis