$BNB /USDT: Bearish Continuation After Failed Retest – Targeting Sub-$1,000
Quick TA on $BNB/USDT 1D: Price rejected hard at $1,049.40 (prior support flip), forming a lower high with bearish engulfing on high volume. Descending channel intact, 50 EMA acting as dynamic resistance (~$1,035). RSI sliding below 40 with no divergence, MACD bearish crossover confirmed. 24h volume skewed red ($456M USDT in), showing strong selling pressure. Expect retest of $1,008.71 low before deeper correction if support cracks.
**Trade Setup (Short Bias):**
- Entry range: $1,022 - $1,028 (on retest of broken support)
- Target 1: $1,008 (immediate low retest)
- Target 2: $990 (channel bottom)
- Target 3: $965 (0.618 Fib + psychological)
- Stop loss (SL): $1,045 (above recent swing high)
**Short Outlook:** $BNB under heavy distribution in Nov 2025 amid broader altcoin weakness and Binance regulatory noise. Key support cluster $1,000–$1,008 must hold to avoid cascade to $900. Upside capped unless BTC reclaims $70K+. Fundamentals solid long-term (BSC growth, burn mechanism), but momentum fully bearish—favor shorts until volume dries on downside. DYOR, NFA.
#BNBUSDT #CryptoTA #Bearish $BNB
