BNB has formed a V-reversal on the 4-hour chart, with price rallying up to the 663 area, approaching the previous resistance level of 665. Unfortunately, it failed to break through. If the market cannot achieve a breakthrough going forward, this area will form a double top pattern. The current bullish momentum has already been released, so it is not advisable to chase longs at this time. It is recommended to short in the 662-665 area, with the downside target at 650-640 area.$BTC
BNB has formed a V-reversal on the 4-hour chart, with price rallying up to the 663 area, approaching the previous resistance level of 665. Unfortunately, it failed to break through. If the market cannot achieve a breakthrough going forward, this area will form a double top pattern. The current bullish momentum has already been released, so it is not advisable to chase longs at this time. It is recommended to short in the 662-665 area, with the downside target at 650-640 area.$BTC