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If you think the $BNB move is over, you might want to look closer at these candles.
We are sitting right at $625 and the price action is getting interesting. After that dip toward $570, the recovery has been slow but steady. Right now, we’re battling a bit of a local ceiling around the $640 mark.
The structure looks like it’s trying to build a higher floor. If we can flip $630 into support, $654 is the next big test. That’s the level that rejected us pretty hard last time.
The order book shows sellers have a slight upper hand at 53%, so there is definitely some resistance to push through. Volume is decent but we need a real spike to clear this zone.
I’m watching for a clean breakout above $640 before getting excited. If we lose the $615 level, we might just drift back into the $600 range to find more buyers.
Staying patient and watching how the daily close looks.
#TreasuryYieldBreaks5PercentCryptoUnderPressure