BNB Market Overview

BNBUSDT continues its steady rise within the ABC correction phase. The price has already reacted from the weekly reversal level at $780. On the 4H timeframe, RSI is already above 70, but the price hasn't shown any strong movement yet.

A local trendline can be drawn — if it breaks, I expect a move down toward the $730–$699 area. A fake breakout toward the 0.5 Fibonacci level is also possible before the actual drop.

If the price manages to hold above the weekly pivot point, we could see a move toward the first resistance level at $830.