BNB/USDT 4H Chart Review

📉 1. Market Structure
There was an ascending channel (purple lines) → it was broken below.
This = structure change → bullish → bearish (short-term)
The last move is a strong downward impulse (breakdown).

👉 Conclusion: short-term trend = downward.

📊 2. Key Levels
🔴 Support:
607–611 → currently tested (very important)
582 → next target
545 → deep target (if panic selling)
🟢 Resistance:
636
656
685 → key HTF resistance
⚠️ 3. What just happened
Breakdown from the channel
Loss of level ~636
Now you are testing the demand zone ~610

This is the market’s decision point.

📉 4. Indicators
Stoch RSI:
In the oversold zone
But WARNING → in a downtrend, it may stay there for a long time.
MACD:
Crossover down
Histogram falling → momentum bearish

👉 Conclusion: no reversal signal (yet)

🔮 5. Scenarios
🟥 Scenario 1 (more likely now):

➡️ Break 607 → going lower

target: 582

then even 545

This will be a continuation of the downtrend.

🟨 Scenario 2 (bounce):

➡️ Defense 607 + quick return to:

620–630

Then:

short squeeze
return to 636 → 656
🟩 Scenario 3 (bullish) Only):

➡️ Only a return above 656–685
= trend change