#BNB

🔵On July 2, BNB strongly rebounded from the breakout position and briefly broke through the 50-day moving average of $654.

However, the bears quickly organized a counterattack, trying to push the price back below the moving average.

⚠️Key Support and Risks

If BNB breaks below the moving average and falls back into the downward channel, it will be a clear bearish signal, indicating that the market does not trust the previous breakout, and the price may quickly retract to $640.

⚠️Bullish Conditions

Bulls need to hold above the 50-day moving average and push the price to break through $665 to gain the upper hand.

Once it stabilizes at $665, BNB is expected to open a rebound channel from $675 to $698.

Shorts are expected to put up a fierce defense above $675, but as long as the bulls are dominant, it won't be difficult to reach $698.

📉Key points of the 4-hour K-line

The bears have pushed the price down to the 50-day moving average on the 4-hour chart, while the bulls are currently in a defensive phase.

The current 20-day moving average is flat, and the RSI is close to the midpoint, indicating that bulls and bears are evenly matched, and a sharp fluctuation could occur at any time.

If the price rebounds and breaks above $665, it will be a strong bullish signal; conversely, if it falls below the moving average and cannot reclaim it, BNB may test $640 again.