BNB maintains lower high

📉 1️⃣ Market Structure

You have a clear downward channel (orange lines).
The medium-term trend remains downward because:
lower highs
lower lows
price below the upper trend line
The current rebound is currently a corrective move, not a trend reversal.

🔴 Key Levels

Support:
$611
$591
$559 (strong HTF support)

Resistance:
$636
$659
$690

The price is now ~$632 and is testing:

previous local resistance

downward trend line
This is a decision-making zone.

📊 RSI

RSI has rebounded strongly (around 60+)
We are leaving the neutral zone
It is not overbought yet
Short-term momentum is bullish.

📈 MACD

Bullish cross
Histogram rising
Momentum is growing dynamically
This confirms the strength of the rebound.

🔎 Scenarios
🟢 Bullish scenario

If the 4-hour period closes clearly above:
$636 and above the trend line
Then targets:
$659
$690

This would be a breakout of the channel.

🔴 Bearish scenario (more likely structurally)

If we get a rejection at:
$635–$640

Possible drop to:
$611
$591
possibly a retest of the lower band of the channel

Until the structure of lower highs is broken, the trend is down.