3.20 Morning BNB Suggestion
BNB is still in a downtrend, with daily highs getting lower and lower, rebounds lacking volume, characteristic of a decline continuation, no reversal signals spotted.
The overall market is weak, BNB can't follow when BTC rebounds, strong selling pressure, funds continuously flowing out, bulls unable to hold.
Technical indicators all favor the bearside: moving averages in bearish arrangement, price suppressed by Bollinger Band midline; MACD below zero axis with lengthening green columns, bearish energy not fully released yet, rebounds are only technical corrections.
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