On the 30th of May, Binance Coin [BNB] rallied beyond $700, breaking out of a near four-month range. This bullish breakout did not last long. Much has changed in June. Bitcoin’s [BTC] descent accelerated, and the dip extended much deeper, going from $73.5k to $59.1k in five days. This bearish move saw BNB’s bullish breakout wiped out. The range low at $570 was tested as support. A brief bounce up to $610 occurred on Sunday, the 7th of June, but the bearish pressure has already forced BNB back below $600.