$BNB USDT — Exchange Token Retesting Base

🔴 Pair: $BNB /USDT

⏱️ Timeframe: 1 Hour

📊 Market Structure: Bearish Pullback in Uptrend

📈 What's Happening?

BNB near $669, down 2.18% today. Holding $620 support after rejecting $635. Ecosystem usage strong, but price tracks BTC.

BNB Chain TVL flat

Launchpool rotations driving demand

Rejected near $635 intraday

📉 Indicators Insight

MA(7) < MA(25) < MA(99) on 1H → Short-term bearish

Price below all MAs → Momentum down

$618 daily low as next support

🎯 Trade Setup (Scalp)

🔻 Short Entry Zone: $628 – $631

Target 1: $622

Target 2: $618

Invalidation: 1H close above $635

BNB
BNBUSDT
632.69
-0.77%