Don't be fooled by BNB's slight rebound; currently, it's oscillating between 635 and 628. Essentially, it's a continuation of the bear trend. At present, 640 is a strong resistance level, with multiple attempts to break through failing repeatedly, indicating heavy selling pressure.

Funds continue to flow out steadily, with major players clearly offloading at high levels. Tensions between Iran and the U.S. have heightened market risk aversion, which could trigger a bearish breakout at any time. The strategy is simple: a short-term rebound is a good opportunity to enter a short position; do not try to catch the bottom or bottom-fish.

Trading suggestion: Short around 632-636, targeting 622-618, with a break below 615.