$BNB is still bullish.... but if this support is lost, the whole structure can change

$BNB has been moving inside a very clear ascending channel for the past few days. Since the begining of April, the price has been gradually rising upwards by creating higher highs and higher lows. But the rejection after touching the upper channel trendline near 690 shows market weakness in the short term. Many are panicking after seeing this pulback, but honestly, it is not a complete breakdown yet. Rather, it would be more accurate to call it a healthy correction within the bullish trend. After a big move, the market usually cools down a bit, collects liquidity, and then decides the direction. BNB is in that phase right now.
Currently, the price is hovering around 652 and the momentum on the 4H timeframe is looking a bit weak. Candles are not as aggressive as before, buyers have not yet given a strong reaction. So the most important thing now is...... where do buyers step in again. For me, the key zone of the entire structure is the 635-640 area. Because this region is not only horizontal support, but also aligns with the channel support. As long as the price is inside the channel and respects this support, the bullish structure will remain technically intact. If buyers react here, then a push towards 670 may come again. And if the momentum is strong, it is not impossible to revisit the 690 resistance. The market often shakes out from the upper resistance just to find weak longs. So, assuming the trend is over just by seeing a correction can be dangerous. But the downside scenario cannot be ignored either. If the 4H candle clearly closes below 630 and there is no quick recovery later, then the ascending channel will break. Then the entire market structure may change. In that situation, blindly buying a dip will be risky. Because after a breakdown, the market usually takes time to find new support. The biggest mistake in such a place is impatience. People take entries without confirmation, then get trapped in more dumps. Now the market needs to be given some time. How the lower chanel support reacts is the key.
The smart move at the moment is to wait. Holding support can create a bullish continuation setup. And if a breakdown occurs, it is better to let the market stabilize rather than trying to catch the first bounce.
This chart has not lost its bullish look yet...... but the next reaction could decide the entire direction
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