BNBUSDT – Bearish RejectionBinance Coin / TetherUS PERPETUAL CONTRACTBINANCE:BNBUSDT.PVIPCryptoVaultHello traders, BNB recently moved down from the upper range and is now approaching the lower boundary of the ascending channel, where price may attempt a short-term bounce. Above the market sits a clear bearish order block around 650–665, with an FVG sitting just below it near 635–640. These zones represent areas where sellers previously entered the market. The whole ascending channel might act as a bearish flag within a broader bearish structure on higher timeframes. Scenario in play The expectation is for price to bounce from the channel support, pushing into the FVG and bearish order block. If the market reacts there, this zone could provide the next opportunity for sellers to step in. A rejection from that supply area would likely lead to continuation toward the lower side of the channel, potentially targeting the 590–600 region where liquidity rests. For now, the focus is on whether price can reach and react from the supply zone, which will likely determine the next directional move. Good Luck!