Everyone is focused on the $BNB pullback to $653. The chart structure tells a different story.

Since the $577 bounce, BNB has printed consistent higher lows. That is not what a breakdown looks like. The $640 to $615 zone is acting as support, and every dip into that range has been bought.

The key level is $678 resistance. A clean break opens $690 and higher. The $577 low established a floor held through multiple retests.

Higher lows into defined resistance usually resolve with a breakout or deeper rejection. Each pullback getting shallower suggests buyers are more aggressive.

Where would you place your invalidation — below $615 or does $577 need to break first?