BNB/USDT 1H Chart

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BNB/USDT 1H ChartBinance Coin / TetherUSBINANCE:BNBUSDTcryptodailyukπŸ”΄ 1. Market Structure We had consolidation/range at the top (~607–620) There was a strong breakout below: 607 (key support) uptrend line This indicates a change in structure: πŸ‘‰ with a range/slightly bullish β†’ bearish impulse πŸ“‰ 2. Momentum The decline was aggressive (impulsive) β†’ no major corrections This usually means: sellers dominate possibility of further continuation after a correction πŸ“Š 3. Indicators Stoch RSI Currently high (overbought) πŸ‘‰ market after a rebound β†’ possible downward correction MACD We see a reversal attempt (bullish cross) BUT: we are still below zero β†’ bearish trend πŸ‘‰ meaning: there is a rebound, but not a trend change yet 🧠 4. Key Levels πŸ”΅ Current price ~584 Resistance (short zone): 584–590 β†’ current reaction zone 595 β†’ very important level (previous support) 607 β†’ mega key (structure change) πŸ”΄ Supports: 572 β†’ local low 565 553 β†’ strong demand zone 🎯 5. Scenarios 🟑 Scenario 1 (more likely): πŸ‘‰ Correction β†’ further decline Price reaches 590–595 Rejection Another downward impulse Target: 572 565 553 🟒 Scenario 2 (bullish, but more difficult): πŸ‘‰ Return above 595 + hold Then possible: Retest 607 Possible return to range BUT: πŸ‘‰ There must be strong volume – not visible yet