$BNB (Binance Coin) - Current Price: $610-$618
Technical Status:
Trend: Heavy downtrend, extreme oversold
RSI (Daily): 24.31 (extreme oversold)
Support: $610-$615 (current), $587 (lower support)
Resistance: $650-$720, $730 (major)
MACD: Bearish cross (-72.89)
Market Sentiment:
Fear & Greed Index: 5 (Extreme Fear)
BTC Dominance: 56.5% (capital in defensive mode)
Short-Term Prediction:
ā ļø Risk: If $610 breaks, capitulation leg may start
ā Bounce Potential: Relief rally from oversold to $650-$720 possible
šÆ Trade Idea: Short entry from failed bounce is good, chasing is dangerous šÆ
