BNBUSDT → The hunt for liquidity before the decline

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BNBUSDT.P breaks through the 880 support level as part of a global downtrend and updates its low to 790. Fundamentally and technically, the situation is weak...

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Bitcoin and the cryptocurrency market as a whole are in a global downtrend. Within the trend, countertrend corrections are forming as a “hunt for liquidity” before the decline continues...
After updating its low to 790.9, BNB is forming a pullback, the target of which may be the resistance area of 879-888, which acts as a break-even zone (area of interest for MM). A false breakout could trigger a decline of 1/2, 2/3 of the current range.

Resistance levels: 879-880, 940
Support levels: 837, 814, 790


A retest of resistance and a lack of bullish potential could trigger a false breakout. Consolidation and a close below 879 could lead to another phase of selling and a correction to 837-814.

Best regards, R. Linda!
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