$BNB swept the local lows near 762 and saw a sharp reactive bounce, driven by short covering rather than fresh demand. The recovery stalled quickly near prior intraday supply, with sellers stepping back in on the first retest. Momentum has rolled over short-term, showing weaker follow-through after the bounce. Structure remains range-bound, with price failing to reclaim the upper value area.
Unless price reclaims and holds above 783, downside rotation back toward range support remains favored.
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