Good evening, brothers! It’s still the weekend, and the market is as steady as an old dog. Only $BNB is surging, pulling nearly 7 points. This pump is related to the launch of U.S. stock tokens in early June. We knew about this news yesterday, but didn’t expect it to explode today. Unfortunately, my $BNB short position has already risen to my entry price. While my contract is like a roller coaster, thankfully my spot holdings are looking sweet. Let’s see if it drops again after this news settles! Yesterday at noon, I mentioned that this bottom hasn’t been broken, so the probability of a rebound is high. Now it’s validating what I said. $BTC and $ETH have been dropping for 4-5 daily candles in a row, and this downtrend phase is pretty much over. Yesterday’s daily candle closed as a doji, which is a reversal signal. If it can strongly break through the top of this consolidation zone, we’ll see a strong rebound. Once it breaks through and reaches the resistance level, you can still open light short positions! During the day, I mentioned that the smaller timeframes were starting to show strength for the bulls. I suggested waiting for a pullback near the previous low to go long, but didn’t expect it to just dip below the white line and then shoot up. The afternoon was relatively quiet, and tonight’s levels can still be used as reference. If there’s a wick near the white line tonight, you can open light long positions. As I always say: if the previous low isn’t broken, it will definitely rebound. So, I don’t recommend shorting the top of the consolidation zone. If you do, it should only be light and short-term! For $BNB, the next resistance levels are 690-705-725. With bullish expectations, it probably won’t drop quickly. If you’re holding heavy short positions below, your stop-loss should be set at the previous high of 690. For light positions, you can add to your shorts at 725 or 745!