BNBUSDT: Caps Recovery, Sellers Still ControlBinance Coin / TetherUSBINANCE:BNBUSDTDomicChainaBNBUSDT is trading around $603, still moving inside a clear descending channel and below both short-term EMAs. The broader macro backdrop is mixed for crypto. A weaker US Dollar and lower expectations for a September Fed hike are supportive, but Treasury yields and oil prices are rising again as US-Iran tensions intensify, keeping risk appetite fragile. Technically, the $604–$607 zone is the key resistance area, reinforced by EMA34/EMA89 and the upper side of the descending structure. If BNB rebounds into this zone and gets rejected again, I favor another move lower toward $596–$597. A sustained break above $607 would weaken the bearish setup.