3.23 Morning BNB Market Strategy

BNB's current price is near 621, forming weak support with a temporary stop to the decline. The rebound momentum is clearly insufficient, and bullish momentum is weak. The 4-hour level has just completed a waterfall-style sharp drop, breaking below the Bollinger lower band and continuing to organize weakly along the lower band. The moving averages show a bearish arrangement, and the medium-term downtrend remains unchanged. The hourly chart shows repeated failed attempts at higher prices followed by pullbacks, with successively lower bounce highs, indicating a clear bearish-dominated pattern. Low-level consolidation is more likely accumulation for continued declines rather than a reversal signal.

Trading Suggestions

Layer into short positions during rebounds in the 630-632 range, with targets around 620-622. If broken, continue watching 608#Gate13周年全球庆典 #加密行情震荡 #创作者冲榜