BNB good hedge while BTC and other Alts dump?

Upon news of the BTC rejection of an ETF, BTC and other alts have plunged while BNB has been making higher lows/highs. The trend is still valid if BNB can stay above the yellow dotted line. Resistances can be seen around the two green lines up above. If BNB can stay above the yellow dotted line and grind higher, we can possibly see BNB break from BTC and move in the opposite direction as people find a better hedge against BTC whether that be BNB or Tether - this has held true in the past. If we definitively break the yellow dotted line, this C&H might then be invalid and it is time to re evaluate the position and take profit/losses. I will keep you updated as this plays out :D