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The cryptocurrency market has been underperforming since the start of the week, and the Wednesday candle opened more bearish than the others.
Bitcoin is trading below the $67k level after losing 3% of its value, while Ether has also dropped below $2k.
BNB, the native coin of the Binance ecosystem, is the worst performer among the top 10 cryptocurrencies by market cap.
It has dropped below the $600 mark on Wednesday, marking the sixth consecutive day of correction. 
Thanks to this bearish price action, BNB has now lost its place as the fourth-largest cryptocurrency by market cap to XRP. 
The bearish price action is further supported by rising short bets alongside negative funding rates in the derivatives market. 
Momentum indicators further suggest a deeper correction for BNB as bears remain firmly in control of the market. 
BNB could dip lower as the derivatives market looks bearish 
Binance’s BNB coin has dropped below the $600 mark after losing 6% of its value in the last 24 hours.
The poor performance is supported by BNB’s derivatives data.
According to CoinGlass, BNB’s long-to-short ratio currently reads 0.91. The ratio dropping below 1 indicates weakening market sentiment, as more traders are betting on BNB’s price to fall.
Furthermore, the OI-Weighted Funding Rate data shows that the number of traders betting that BNB’s price will increase is lower than that of those anticipating a price decrease. 
The metric flipped negative on Tuesday and currently reads -0.0002%, indicating shorts are paying longs and suggesting bearish sentiment toward BNB.
BNB bears could push the price to lower lows
The BNB/USD 4-hour chart is extremely bearish as the coin has lost 21% of its value over the last seven days.
At press time, BNB is trading at $589 and looks likely to retest the weekend lows. 
If BNB continues this bearish trend, it could decline toward Friday’s low of $570.06, with another support level at $550 also in the cards. 
The momentum indicators suggest that BNB could suffer further losses in the near term.
The Relative Strength Index (RSI) on the 4-hour chart reads 25, below the oversold conditions, indicating strong bearish momentum.
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Furthermore, the Moving Average Convergence Divergence (MACD) showed a bearish crossover three weeks ago, which remains intact, further supporting the negative outlook.
While the bears remain in control, the bulls could push for control if the Friday low of $570 holds in the near term. If that happens, BNB could rally towards the Inducement Liquidity (ILQ) level at $671 over the next few days.
An extended bullish run would allow BNB to advance toward the weekly resistance level at $709.29.
However, the market conditions are extremely bearish, and a bounce could be slow.

📉 Red Market = Green Opportunities? 📉
The market is showing some significant pullbacks today, with $BTC sliding below the $67,000 mark. While many are panicking, smart traders are looking for "Value Zones."
Here is the game plan for today:
Watch the Support: Bitcoin is currently testing the $66,500 level. If it holds, we could see a relief bounce back to $68k. If it breaks, $64k is the next major psychological floor.
Altcoin Resilience: Notice how $GHST and $BERA are actually climbing while others fall? This "decoupling" shows where the real strength is right now.
Avoid Over-Leverage: In volatile dips, liquidations happen fast. Keep your leverage low (3x-5x max) or stick to Spot trading today.
💡 Pro Tip: Don't go "All-In" at one price. Use DCA (Dollar Cost Averaging) to spread your entries over the next 24 hours.
Are you:
A) Buying the dip? 🛍️
B) Waiting for lower prices? ⏳
C) Holding through the storm? 💎
Let me know your move in the comments!
#Wite2Earn #CryptoDip #BTC #BinanceSquare

🚀 Your First Day on Binance
Welcome to the future of money! Don't let the graphs scare you; follow these 5 essential steps to master the platform from day one.
1. Secure your "Digital Home" 🛡️ Before buying, lock the door. Security comes first in the crypto world.
Verification (KYC): Complete your profile with your identity document.
2FA Security: Activate two-factor authentication (Google Authenticator). It is your shield against hackers.

2. Activate "Lite" Mode (Simplified) ⚡ Binance has a "Pro" version that looks like the cockpit of an airplane. To start, activate the simple version: Tap on your Profile icon (top left).