$BNB Clearly Downtrend
The drop isn't exclusive to BNB. Bitcoin (BTC) recently slipped toward the $77,000–$81,000 range, triggering nearly $1.7 billion in liquidations across the market. When Bitcoin stumbles this heavily, high-cap altcoins like BNB often see even steeper percentage declines due to forced liquidations of long positions.
#bnb TRADE SET-UP
ENTRY ( 748 ~ 755 )
TARGET 🔸747 🔸744 🔸738
2. Technical Breakdown
Looking at your 4-hour chart:
Support Breach: The price sliced through psychological levels at $860 and $800 with almost no consolidation.
Oversold Conditions: With a -5.97% daily drop shown in your screenshot (and some reports showing intraday drops as high as 8-9%), the Relative Strength Index (RSI) is likely deep in "oversold" territory (below 30).
The "Wick": Note the long bottom wick touching $744.62. This suggests some buyers are stepping in at these lower levels, but the momentum remains firmly bearish for now.