Yeahhh that $570 tag hit like a jump scare 😱
Not loving what BNB is showing right now either. $BNB
Your read makes sense:
4H structure: still lower highs → trend bias stays bearish
Bounce: weak and corrective, not impulsive
Key line in the sand: $640
As long as BNB stays below $640, this really does look like dead-cat bounces and liquidity grabs rather than a real reversal.
Levels that matter:
Support:
$600–585 = make-or-break zone
Lose that → $560 is very much on the table
Resistance:
$640–660 = major supply / trend flip area
Clean reclaim & hold above $660 is the first signal of a relief rally
$700 only comes into play after structure flips
Right now it’s basically:
Below $640 = protect capital
Above $660 = okay, bulls get to speak again
Until then, patience beats hero trades. This is the kind of chop that eats both longs and shorts if you’re early.
Are you watching this for a spot hold, or are you trading it short-term on the 4H?