BNB/USDT 4H Chart Review

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BNB/USDT 4H Chart ReviewBinance Coin / TetherUSBINANCE:BNBUSDTcryptodailyukπŸ“Š 1️⃣ Market Structure The price is moving in a wedge-shaped/expanding consolidation pattern: πŸ”» Upper trendline – slightly falling (around 640–645) πŸ”Ί Lower trendline – falling (around 575) Middle of the range: ~620–630 The market has been in a broad consolidation pattern around 570–650 for a while now. 🧱 2️⃣ Key Levels πŸ”΄ Support: 621.5 – local reaction level (middle of the range) 598.6 – stronger support 577 – lower boundary of the structure 🟒 Resistance: 633–635 – local resistance 651.8 – key swing high 670 – strong supply zone 691 – HTF resistance πŸ“ˆ 3️⃣ Current Situation We had: A strong breakout to the upside Rejection at ~645 A pullback to ~633 This looks like: A test of the upper zone + a possible retest of the breakout But… Until 651 is broken out with momentum and held, we are still in consolidation. πŸ”Ž 4️⃣ RSI and Stoch RSI RSI ~60 β†’ bulls have the upper hand, but no euphoria Stoch RSI in the upper zone β†’ possible short-term cooldown So: πŸ‘‰ possible short-term pullback πŸ‘‰ medium-term still sideways 🎯 Scenarios 🟒 Bullish (more aggressive) Condition: 4-hour close above 652 Retest as support Targets: 670 691 This would be a breakout from a multi-week structure. πŸ”΄ Bearish If: Price is rejected from 640–650 Falls below 621 Then: 598 577 And then we return to the lower boundary of the range.