A weak BTC means that sellers could continue to overrule BNB’s market, unless BTC changes course during the week.Since mid-April, BNB has been in a downtrend momentum on the lower timeframe charts, specifically the 4-hour chart. The second half of May set BNB into an extended price consolidation within $315.5 – $303.
With the higher timeframes also firmly bearish, sellers could continue to control BNB. Southwards, the $294 and $286 levels are worth watching if the $300 psychological and support level cracks.
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