$BNB
Long liquidations at $611.96 signal a failure to sustain higher pricing after an attempted continuation move. The market rejected upper value and rotated back into a prior consolidation range, indicating absorption by sellers.
The broader structure remains range-to-bearish while price trades below local resistance. Momentum indicators show slowing upside pressure, suggesting the move was a liquidity sweep rather than true expansion.
Major resistance now forms near $618–$625, while downside liquidity sits under recent swing lows.
EP: $614.00 – $618.00
TP1: $602.50
TP2: $594.80
TP3: $585.00
SL: $626.50
Trend strength favors sellers as price fails to maintain higher highs.
Momentum divergence shows buyers losing control after the liquidation event.
Liquidity imbalance below price increases probability of continuation toward lower support zones.
#MorganStanley'sBTCETFSetToLaunch #MarketRebound #PolymarketMajorUpgrade #StrategyBTCPurchase #StrategyBTCPurchase