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BNB yesterday retested the 635 level for support, stabilized, and rebounded. Overnight, it surged to the 656 area but faced resistance and pulled back. Currently, it has fallen below the 650 level again.
From the current market situation, short-term rebound momentum is clearly insufficient. Multiple attempts to break through have failed to establish an effective breakout, and the bullish momentum at high levels is very weak.
In terms of strategy, avoid chasing longs at high levels; a rebound is an opportunity to short.
Trading reference:
Short above 650, target lower at 640–630$BTC