Analysis for BNB/USDT:

Current Price: $523.3

Resistance: $600Support: $415.8

Long Trade: If BNB/USDT moves above $600, it could trigger targets at $650 and $700. Consider placing a stop loss at $523.3.

Short Trade: If BNB/USDT drops below $415.8, look for targets at $375 and $350. A stop loss should be placed around $523.3.

Market Summary: BNB has been in a downtrend since its peak at $721.8, with the 99-week MA currently acting as resistance. The market is at a critical juncture, and the upcoming price action will determine the next significant move.

#MarketDownturn #BinanceTurns7 #MtGoxJulyRepayments