🪙 BNB, 4H. I am updating the setup for Binance Coin.

After the local Strong High was demolished above $960, we received a sharp reversal and a downward breakdown of the entire structure. We are now in a clear bearish trend, and the current trade around $773.88 is most likely preparing for a deep pullback.

🗣 The purpose of this pullback is clear: to collect liquidity that has accumulated above the recent ChoCH and cover imbalances.

🗣 The first serious zone where you can look for a quality short is in the $870 range. If buyers can pull higher, the next stop is the Supply block around $900.

Working long now is a high risk, this is a countertrend. I would wait for the price to enter one of the upper POIs and show confirmation there to enter a short position.