$BNB Short-seller led; this pullback hasn’t played out yet: 1 hour—six K lines, five closing bearish; the daily trend is pointing downward. In the 15-minute chart, both moving averages have lost control (fully broken below). The 24h high at 719 has fallen by nearly 3%, and no one is stepping in to buy. On the contract side, active selling accounts for 55%, the fee rate is pinned at 0.007% with no fuel—big accounts: 70% are still calling bullish, yet their positions have even added against the trend by 3.3%. The longs are all being put on the fire. Current price 696: short entry. First target 667, second target 645, third target 620. Stop-loss 728—if the 7-day high at 727 breaks, exit immediately; no lingering.